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<SEC-DOCUMENT>0000921082-09-000003.txt : 20090302
<SEC-HEADER>0000921082-09-000003.hdr.sgml : 20090302
<ACCEPTANCE-DATETIME>20090227175333
ACCESSION NUMBER:		0000921082-09-000003
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		21
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20090302
DATE AS OF CHANGE:		20090227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HIGHWOODS PROPERTIES INC
		CENTRAL INDEX KEY:			0000921082
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				561871668
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13100
		FILM NUMBER:		09644702

	BUSINESS ADDRESS:	
		STREET 1:		3100 SMOKETREE CT
		STREET 2:		STE 600
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27604
		BUSINESS PHONE:		9198724924

	MAIL ADDRESS:	
		STREET 1:		3100 SMOKETREE COURT
		STREET 2:		STE 600
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27604

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HIGHWOODS REALTY LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0000941713
		STANDARD INDUSTRIAL CLASSIFICATION:	LESSORS OF REAL PROPERTY, NEC [6519]
		IRS NUMBER:				561869557
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21731
		FILM NUMBER:		09644703

	BUSINESS ADDRESS:	
		STREET 1:		3100 SMOKETREE CT STE 600
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27604
		BUSINESS PHONE:		9198724924

	MAIL ADDRESS:	
		STREET 1:		3100 SMOKETREE COURT
		STREET 2:		STE 600
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HIGHWOODS FORSYTH L P
		DATE OF NAME CHANGE:	19960626
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>hiw10k2008_finaldoc.htm
<DESCRIPTION>2008 FORM 10-K HPI/HRLP
<TEXT>
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<TITLE> </TITLE>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'></p>
<div style="border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in"><div style=" border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">&nbsp;</div></div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Washington, DC 20549</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>FORM 10-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

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        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face=Wingdings><b>x</b></font></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:left;'><b><font size=2>For the fiscal year ended December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2008</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:50%;'><font size=1>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OR</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:50%;'><font size=1>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="88%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face=Wingdings><b><font size=2>o</font></b></font></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:left;'><b><font size=2>For the transition period from________ to___________</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=1>(Exact name of registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=center>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
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        <td width="2%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="32%" nowrap valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><b><font size=2>Maryland</font></b></p> </td>

        <td width="28%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><b><font size=2>1-13100</font></b></p> </td>

        <td width="32%" nowrap valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><b><font size=2>56-1871668</font></b></p> </td>

        <td width="2%" valign=top
style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="2%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="32%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>(State or other jurisdiction </font><br> <font size=1>of incorporation or organization)</font></p> </td>

        <td width="28%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>(Commission</font><br> <font size=1>File Number)</font></p> </td>

        <td width="32%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>(I.R.S. Employer </font><br> <font size=1>Identification Number)</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=3>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=1>(Exact name of registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=center>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>

        <td width="2%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="32%" nowrap valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><b><font size=2>North Carolina</font></b></p> </td>

        <td width="28%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><b><font size=2>000-21731</font></b></p> </td>

        <td width="32%" nowrap valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><b><font size=2>56-1869557</font></b></p> </td>

        <td width="2%" valign=top
style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="2%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="32%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>(State or other jurisdiction </font><br> <font size=1>of incorporation or organization)</font></p> </td>

        <td width="28%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>(Commission</font><br> <font size=1>File Number)</font></p> </td>

        <td width="32%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>(I.R.S. Employer </font><br> <font size=1>Identification Number)</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.75pt 0in 5.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:75%;'><font size=1>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>3100 Smoketree Court, Suite 600</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Raleigh, NC 27604</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=1>(Address of principal executive offices) (Zip Code)</font></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>919-872-4924</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=1>(Registrants&#146; telephone number, including area code)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Securities registered pursuant to Section 12(b) of the Act:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:4.75pt;border-collapse:collapse; '>
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        <td width="75%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:22.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Title of Each Class</font></b></p> </td>

        <td width="24%" valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:22.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Name of Each Exchange on Which Registered</font></b></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="75%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Common Stock, $.01 par value, of Highwoods Properties, Inc.</font>    </p>
</td>

        <td width="24%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>New York Stock Exchange</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="75%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>8 5/8% Series A Cumulative Redeemable Preferred Shares of Highwoods Properties, Inc.</font>                                 </p> </td>

        <td width="24%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>New York Stock Exchange</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="75%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>8% Series B Cumulative Redeemable Preferred Shares of Highwoods Properties, Inc.</font>                                                        </p> </td>

        <td width="24%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>New York Stock Exchange</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Securities registered pursuant to Section 12(g) of the Act:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height:50%;'><font size=1>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>NONE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.</font></p>


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        <td width="4%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="31%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Properties, Inc.</font></b><font size=2>  Yes  </font><font face=Wingdings>x</font>  </p> </td>

        <td width="14%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>o</font></p> </td>

        <td width="42%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Realty Limited Partnership</font></b><font size=2>  Yes  </font><font face=Wingdings>x</font>  </p> </td>

        <td width="7%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>o</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act.</font></p>


<div align=left>

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        <td width="4%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="31%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Properties, Inc.</font></b><font size=2>  Yes  </font><font face=Wingdings>o</font>  </p> </td>

        <td width="14%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>x</font></p> </td>

        <td width="42%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Realty Limited Partnership</font></b><font size=2>  Yes  </font><font face=Wingdings>o</font>  </p> </td>

        <td width="7%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>x</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</font></p>


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        <td width="4%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:3.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="31%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Properties, Inc.</font></b><font size=2>  Yes  </font><font face=Wingdings>x</font>  </p> </td>

        <td width="14%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>o</font></p> </td>

        <td width="42%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Realty Limited Partnership</font></b><font size=2>  Yes  </font><font face=Wingdings>x</font>  </p> </td>

        <td width="7%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>o</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>






<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of such registrants&#146; knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   </font><font face=Wingdings>o</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of &#145;large accelerated filer,&#146; &#145;accelerated filer&#146; and &#145;smaller reporting company&#146; in Rule 12b-2 of the Securities Exchange Act. </font></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:justify;'><b><font size=2>Highwoods Properties, Inc.</font></b></p>


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<table border="0" cellspacing=0 cellpadding=0 width="87%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="24%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Large accelerated filer </font><font face=Wingdings>x</font>  </p> </td>

        <td width="20%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Accelerated filer </font><font face=Wingdings>o</font>  </p> </td>

        <td width="24%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Non-accelerated filer </font><font face=Wingdings>o</font>  </p> </td>

        <td width="30%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Smaller reporting company </font><font
face=Wingdings>o</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:justify;'><b><font size=2>Highwoods Realty Limited Partnership</font></b></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="87%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="24%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Large accelerated filer </font><font face=Wingdings>o</font>  </p> </td>

        <td width="20%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Accelerated filer </font><font face=Wingdings>o</font>  </p> </td>

        <td width="24%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Non-accelerated filer </font><font face=Wingdings>x</font>  </p> </td>

        <td width="30%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Smaller reporting company </font><font
face=Wingdings>o</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act).</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="96%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:3.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="32%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Properties, Inc.</font></b><font size=2>  Yes  </font><font face=Wingdings>o</font>  </p> </td>

        <td width="13%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>x</font></p> </td>

        <td width="42%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Highwoods Realty Limited Partnership</font></b><font size=2>  Yes  </font><font face=Wingdings>o</font>  </p> </td>

        <td width="7%" nowrap valign=top style='padding:3.0pt 0in 0in 0in; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>No </font><font face=Wingdings>x</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The aggregate market value of shares of Common Stock of Highwoods Properties, Inc. held by non-affiliates (based upon the closing sale price on the New York Stock Exchange) on June&nbsp;30,&nbsp;2008 was approximately $1.8 billion. As of February&nbsp;12,&nbsp;2009, there were 63,572,935 shares of Common Stock outstanding. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>There is no public trading market for the Common Units of Highwoods Realty Limited Partnership. As a result, an aggregate market value of the Common Units of Highwoods Realty Limited Partnership cannot be determined.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>DOCUMENTS INCORPORATED BY REFERENCE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Portions of the Proxy Statement of Highwoods Properties, Inc. to be filed in connection with its Annual Meeting of Stockholders to be held May&nbsp;13,&nbsp;2009 are incorporated by reference in Part II, Item 5 and Part III, Items 10, 11, 12, 13 and 14 of this Form 10-K.</font><u><font size=2> </font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC1"></A><font SIZE=2>TABLE OF CONTENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="64" valign=bottom style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Item No.</font></b></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Page</font></b></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><B><font SIZE=2>PART I</font></B></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#TOC2">Business</a></font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1A.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC3"><font size=2>Risk Factors</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1B.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC4"><font size=2>Unresolved Staff Comments</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC5"><font size=2>Properties</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC6"><font size=2>Legal Proceedings</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC7"><font size=2>Submission of Matters to a Vote of Security Holders</font></a>                                                                                                                                                                                                                                                              </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font SIZE=2>X.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC8"><font size=2>Executive Officers of the Registrant</font></a>                                                                                                                                                                                                                                                                                                                                                                               </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><B><font SIZE=2>PART II</font></B></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC9"><font size=2>Market for Registrant&#146;s Common Stock, Related Stockholder Matters and Issuer</font><br> <font size=2>Purchases of Equity Securities</font></a>                                                                                                                                                                                                                                                                                                                                                                               </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>21</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC10"><font size=2>Selected Financial Data</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC11"><font size=2>Management&#146;s Discussion and Analysis of Financial Condition and Results of</font><br> <font size=2>Operations</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7A.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC12"><font size=2>Quantitative and Qualitative Disclosures About Market Risk</font></a>                                                                                                                                                                                                                </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC13"><font size=2>Financial Statements</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC14"><font size=2>Changes in and Disagreements with Accountants on Accounting and </font><br> <font size=2>Financial Disclosure</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9A.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC15"><font size=2>Controls and Procedures</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9B.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC16"><font size=2>Other Information</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>51</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><B><font SIZE=2>PART III</font></B></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC17"><font size=2>Directors, Executive Officers and Corporate Governance</font></a>                                                                                                                                                                                                                                  </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC18"><font size=2>Executive Compensation</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC19"><font size=2>Security Ownership of Certain Beneficial Owners and Management and Related</font><br> <font size=2>Stockholder Matters</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC20"><font size=2>Certain Relationships and Related Transactions, and Director Independence</font></a>                                                                                                       </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC21"><font size=2>Principal Accountant Fees and Services</font></a>                                                                                                                                                                                                                                                                                                                                                          </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><B><font SIZE=2>PART IV</font></B></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15.</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:22.55pt;text-indent:-22.55pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><a href="#TOC22"><font size=2>Exhibits</font></a>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>53</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
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            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="46" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>PART I</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We refer to Highwoods Properties, Inc. as the &#147;Company,&#148; Highwoods Realty Limited Partnership as the &#147;Operating Partnership,&#148; the Company&#146;s common stock as &#147;Common Stock,&#148; the Company&#146;s preferred stock as &#147;Preferred Stock,&#148; the Operating Partnership&#146;s common partnership interests as &#147;Common Units,&#148; the Operating Partnership&#146;s preferred partnership interests as &#147;Preferred Units&#148; and in-service properties (excluding rental residential units) to which the Company and/or the Operating Partnership have title and 100.0% ownership rights as the &#147;Wholly Owned Properties.&#148; References to &#147;we&#148; and &#147;our&#148; mean the Company and the Operating Partnership, collectively, unless the context indicates otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Operating Partnership is managed by its sole general partner, the Company, a fully-integrated, self-administered and self-managed equity real estate investment trust (&#147;REIT&#148;) that began operations through a predecessor in 1978. The Company completed its initial public offering in 1994 and its Common Stock is traded on the New York Stock Exchange under the symbol &#147;HIW.&#148; The Company conducts virtually all of its activities through the Operating Partnership. The partnership agreement provides that the Operating Partnership will assume and pay when due, or reimburse the Company for payment of, all costs and expenses relating to the ownership and operations of, or for the benefit of, the Operating Partnership. The partnership agreement further provides that all expenses of the Company are deemed to be incurred for the benefit of the Operating Partnership.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2><A NAME="TOC2"></A>ITEM 1. BUSINESS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>General </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are one of the largest owners and operators of suburban office, industrial and retail properties in the southeastern and midwestern United States. At December&nbsp;31,&nbsp;2008, we: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:10.92%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>wholly owned 311 in-service office, industrial and retail properties, encompassing approximately 27.4 million rentable square feet, and 96 rental residential units; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:10.92%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>owned an interest (50.0% or less) in 72 in-service office and industrial properties, encompassing approximately 8.0 million rentable square feet, and 418 rental residential units, which includes a 12.5% interest in a 261,000 square foot office property owned directly by the Company and thus is included in the Company&#146;s Consolidated Financial Statements, but not included in the Operating Partnership&#146;s Consolidated
Financial Statements. Five of these in-service office properties, encompassing 618,000 rentable square feet, are consolidated as more fully described in Notes 1 and 2 to our Consolidated Financial Statements; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:10.92%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>wholly owned 580 acres of undeveloped land, approximately 490 acres of which are considered core holdings and which are suitable to develop approximately 7.6 million rentable square feet of office and industrial space; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:10.92%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>were developing eight wholly owned properties comprising approximately 1.2 million square feet that were under construction or recently completed but had not achieved 95% stabilized occupancy; and </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:10.92%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>owned an interest in 74 for-sale residential condominiums (through a consolidated majority owned joint venture).</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>At December&nbsp;31,&nbsp;2008, the Company owned all of the Preferred Units and 63.6 million, or 94.0%, of the Common Units in the Operating Partnership. Limited partners (including certain officers and directors of the Company) own the remaining 4.1 million Common Units. Generally, the Operating Partnership is obligated to redeem each Common Unit at the request of the holder thereof for cash equal to the value of one share of Common Stock based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption provided that the Company at its option may elect to acquire any such Common Units presented for redemption for cash or one share of Common Stock. The Common Units owned by the Company are not redeemable. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company was incorporated in Maryland in 1994. The Operating Partnership was formed in North Carolina in 1994. Our executive offices are located at 3100 Smoketree Court, Suite 600, Raleigh, North Carolina 27604, and our telephone number is (919)&nbsp;872-4924. We maintain offices in each of our primary markets. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>4</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>




<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our business is the acquisition, development and operation of rental real estate properties. We operate office, industrial, retail and residential properties. There are no material inter-segment transactions. See Note 17 to our Consolidated Financial Statements for a summary of the rental income, net operating income and assets for each reportable segment.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In addition to this Annual Report, we file or furnish quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (&#147;SEC&#148;). All documents that the Company files or furnishes with the SEC are made available as soon as reasonably practicable free of charge on our corporate website, which is </font><font color="#0000FF"><u><font size=2>http://www.highwoods.com</font></u></font><font size=2>. The information on our website is not and should not be considered part of this Annual Report and is not incorporated by reference in this document. Our website is an inactive textual reference. You may also read and copy any document that we file or furnish at the public reference facilities of the SEC at 100 F. Street, N.E., Room 1580, Washington, DC 20549. Please call the SEC at (800)&nbsp;732-0330 for further information about the public
reference facilities. These documents also may be accessed through the SEC&#146;s interactive data electronic applications (&#147;IDEA&#148;) on the SEC&#146;s home page on the Internet (</font><font color="#0000FF"><u><font size=2>http://www.sec.gov</font></u></font><font size=2>). In addition, you can read similar information about us at the offices of the NYSE at 20 Broad Street, New York, New York 10005.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, the Company filed unqualified Section 303A certifications with the NYSE. We have also filed the CEO and CFO certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 as exhibits to this Annual Report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Customers</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth information concerning the 20 largest customers of our Wholly Owned Properties as of December&nbsp;31,&nbsp;2008: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Customer</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rental </font></b><br> <b><font size=1>Square Feet</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annualized </font></b><br> <b><font size=1>Cash Rental </font></b><br> <b><font size=1>Revenue </font><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent </font></b><br> <b><font size=1>of Total </font></b><br> <b><font size=1>Annualized </font></b><br> <b><font size=1>Cash Rental </font></b><br> <b><font size=1>Revenue </font><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted </font></b><br> <b><font size=1>Average </font></b><br> <b><font size=1>Remaining </font></b><br> <b><font size=1>Lease Term </font></b><br> <b><font size=1>in Years</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>(in thousands)</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Federal Government</font>                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,645,591</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,524</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.50</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.9</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>AT&amp;T</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>896,611</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,062</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.47</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.4</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>PricewaterhouseCoopers</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>400,178</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,014</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.54</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.7</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>State of Georgia</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>367,986</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,862</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.81</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.8</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Healthways</font>                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>282,132</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,260</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.44</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>T-Mobile USA</font>                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>207,517</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,740</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.32</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.0</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Metropolitan Life Insurance</font>                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>267,787</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,428</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.25</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.9</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Lockton Companies</font>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>160,561</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,402</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.02</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.2</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>BB&amp;T</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>258,363</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,237</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.98</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.2</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Syniverse Technologies, Inc.</font>                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>198,750</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,026</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.93</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.8</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RBC Bank</font>                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>171,138</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,979</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.92</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.1</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Fluor Enterprises, Inc.</font>                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>209,474</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,737</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.86</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.1</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>SCI Services</font>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>162,784</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,668</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.85</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.6</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Wells Fargo/Wachovia</font>                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>129,389</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,039</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.2</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Vanderbilt University</font>                                                                                                                                                                                                                                                                         </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>144,161</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,911</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.67</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.8</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Jacob&#146;s Engineering Group, Inc.</font>                                                                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>181,794</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,858</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.7</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Lifepoint Corporate Services</font>                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>139,625</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,836</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.5</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Icon Clinical Research</font>                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,909</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,580</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.59</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.7</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Talecris Biotherapeutics</font>                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>122,870</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,417</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.56</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.5</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Hilton Grand Vacations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>97,325</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,112</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.49</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.7</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total</font></b>                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>6,154,945</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>126,692</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>29.21</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>6.3</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Annualized Cash Rental Revenue is cash rental revenue (base rent plus additional rent based on the level of operating expenses, excluding straight-line rent) for the month of December&nbsp;2008 multiplied by 12.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>5</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>




<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Operating Strategy</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Efficient, Customer Service-Oriented Organization</font></b><font size=2>. We provide a complete line of real estate services to our customers and third parties. We believe that our in-house development, acquisition, construction management, leasing and property management services allow us to respond to the many demands of our existing and potential customer base. We provide our customers with cost-effective services such as build-to-suit construction and space modification, including tenant improvements and expansions. In addition, the breadth of our capabilities and resources provides us with market information not generally available. We believe that operating efficiencies achieved through our fully integrated organization also provide a competitive advantage in setting our lease rates and pricing other services. In addition, our relationships with our customers and those tenants
at properties for which we conduct third-party fee-based services may lead to development projects when these tenants seek new space.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Capital Recycling Program.</font></b><font size=2> Our strategy has been to focus our real estate activities in markets where we believe our extensive local knowledge and conservative and flexible balance sheet give us a competitive advantage over other real estate developers and operators. Through our capital recycling program, we generally seek to:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>selectively dispose of non-core properties in order to use the net proceeds to improve our balance sheet by reducing outstanding debt and preferred equity balances to make new investments or for other purposes;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="8%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>engage in the development of office, industrial and other real estate projects in existing or new geographic markets, primarily in suburban in-fill business parks; and</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:8.31%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>acquire selective suburban office and industrial properties in existing or new geographic markets at prices that offer attractive long-term returns. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our capital recycling activities benefit from our local market presence and knowledge. Because our division officers and staff have significant real estate experience in their respective markets, we believe that we are in a better position to evaluate capital recycling opportunities than many of our competitors. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Conservative and Flexible Balance Sheet</font></b><font size=2>. We are committed to maintaining a conservative and flexible balance sheet that allows us to capitalize on favorable development and acquisition opportunities as they arise. We expect to meet our short- and long-term liquidity requirements through a combination of any one or more of: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>cash flow from operating activities;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>borrowings under our credit facilities; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the issuance of unsecured debt; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>


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    <tr >

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the issuance of secured debt; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the issuance of equity securities by the Company or the Operating Partnership; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the disposition of non-core assets; and </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the sale or contribution of some of our Wholly Owned Properties, development projects and development land to strategic joint ventures to be formed with unrelated investors, which would have the net effect of generating additional capital for us.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Geographic Diversification</font></b><font size=2>. We do not believe that our operations are significantly dependent upon any particular geographic market. Today, including our various joint ventures, our portfolio consists primarily of office and industrial properties throughout the Southeast, retail and office properties in Kansas City, Missouri, and office, retail and residential properties in Des Moines, Iowa.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>6</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>




<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Competition </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our properties compete for tenants with similar properties located in our markets primarily on the basis of location, rent, services provided and the design and condition of the facilities. We also compete with other REITs, financial institutions, pension funds, partnerships, individual investors and others when attempting to acquire, develop and operate properties. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Employees </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, the Company had 437 employees, of which 434 were also employees of the Operating Partnership. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC3"></A><font size=2>ITEM 1A. RISK FACTORS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>An investment in our securities involves various risks. All investors should carefully consider the following risk factors in conjunction with the other information contained in this Annual Report before trading in our securities. If any of these risks actually occur, our business, operating results, prospects and financial condition could be harmed.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Our performance is subject to risks associated with real estate investment</font></b><font size=2>. We derive most of our income from the ownership and operation of our real estate properties. There are a number of factors that may adversely affect the income that our properties generate, including the following:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Economic Downturns</font></b><font size=2>. Downturns in the national economy and rising unemployment, particularly in the Southeast, generally will negatively impact the demand and rental rates for our properties.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Oversupply of Space</font></b><font size=2>. An oversupply of space in our markets would typically cause rental rates and occupancies to decline, making it more difficult for us to lease space at attractive rental rates, if at all.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Competitive Properties</font></b><font size=2>. If our properties are not as attractive to tenants (in terms of rent, services, condition or location) as properties owned by our competitors, we could lose tenants to those properties or suffer lower rental rates.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Renovation Costs</font></b><font size=2>. In order to maintain the quality of our properties and successfully compete against other properties, we periodically must spend money to maintain, repair and renovate our properties.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Customer Risk</font></b><font size=2>. Our performance depends on our ability to collect rent from our customers. Our financial condition could be adversely affected by financial difficulties experienced by a major customer, or by a number of smaller customers, including bankruptcies, insolvencies or general downturns in business.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Reletting Costs</font></b><font size=2>. As leases expire, we try to either relet the space to the existing customer or attract a new customer to occupy the space. In either case, we may incur significant costs in the process, including potentially substantial tenant improvement expense or lease incentives. In addition, if market rents have declined since the time the expiring lease was executed, the terms of any new
lease likely will not be as favorable to us as the terms of the expiring lease, thereby reducing the rental revenue earned from that space.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Regulatory Costs</font></b><font size=2>. There are a number of government regulations, including zoning, tax and accessibility laws, that apply to the ownership and operation of our properties. Compliance with existing and newly adopted regulations may require us to incur significant costs on our properties.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Rising Operating Costs</font></b><font size=2>. Costs of operating our properties, such as real estate taxes, utilities, insurance, maintenance and other costs, can rise faster than our ability to increase rental income. While we do receive some additional rent from our tenants that is based on recovering a portion of operating expenses, increased operating expenses will negatively impact our net operating income. Our
revenues and expense recoveries are subject to longer term leases and may not be quickly increased sufficient to recover an increase in operating costs and expenses.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Fixed Nature of Costs</font></b><font size=2>. Most of the costs associated with owning and operating a property are not necessarily reduced when circumstances such as market factors and competition cause a reduction in rental revenues from the property. Increases in fixed operating expenses, such as increased real estate taxes or insurance costs, would reduce our net income.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Environmental Problems</font></b><font size=2>. Federal, state and local laws and regulations relating to the protection of the environment may require a current or previous owner or operator of real property to investigate and clean up hazardous or toxic substances or petroleum product releases at the property. The clean up can be costly. The presence of or failure to clean up contamination may adversely affect our
ability to sell or lease a property or to borrow funds using a property as collateral.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Competition</font></b><font size=2>. A number of other major real estate investors with significant capital resources compete with us. These competitors include publicly-traded REITs, private REITs, private real estate investors and private institutional investment funds.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Recent and future acquisitions and development properties may fail to perform in accordance with our expectations and may require renovation and development costs exceeding our estimates. </font></b><font size=2>In the normal course of business, we typically evaluate potential acquisitions, enter into non-binding letters of intent, and may, at any time, enter into contracts to acquire additional properties. Acquired properties may fail to perform in accordance with our expectations due to lease-up risk, renovation cost risks and other factors. In addition, the renovation and improvement costs we incur in bringing an acquired property up to market standards may exceed our estimates. We may not have the financial resources to make suitable acquisitions or renovations on favorable terms or at all. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In addition to acquisitions, we periodically consider developing and constructing properties. Risks associated with development and construction activities include: </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the unavailability of favorable financing;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>construction costs exceeding original estimates;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>construction and lease-up delays resulting in increased debt service expense and construction costs; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>lower than anticipated occupancy rates and rents at a newly completed property causing a property to be unprofitable or less profitable than originally estimated.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If new developments are financed through construction loans, there is a risk that, upon completion of construction, permanent financing for newly developed properties will not be available or will be available only on disadvantageous terms. Development activities are also subject to risks relating to our ability to obtain, or delays in obtaining, all necessary zoning, land-use, building, occupancy and other required governmental and utility company authorizations.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Illiquidity of real estate investments and the tax effect of dispositions could significantly impede our ability to sell assets or respond to favorable or adverse changes in the performance of our properties.</font></b><font size=2> Because real estate investments are relatively illiquid, our ability to promptly sell one or more properties in our portfolio in response to changing economic, financial and investment conditions is limited. In addition, we have a significant amount of mortgage debt under which we would incur significant prepayment penalties if such loans were paid off in connection with the sale of the underlying real estate assets. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We intend to continue to sell some of our properties in the future. However, we cannot predict whether we will be able to sell any property for the price or on the terms set by us, or whether the price or other terms offered by a prospective purchaser would be acceptable to us. We also cannot predict the length of time needed to find a willing purchaser and to close the sale of a property.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Certain of our properties have low tax bases relative to their estimated current fair values, and accordingly, the sale of such assets would generate significant taxable gains unless we sold such properties in a tax-free exchange under Section 1031 of the Internal Revenue Code or another tax-free or tax-deferred transaction. For an exchange to qualify for tax-deferred treatment under Section 1031, the net proceeds from the sale of a property must be held by an escrow agent until applied toward the purchase of real estate qualifying for gain deferral. Given the competition </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>for properties meeting our investment criteria, there could be a delay in reinvesting such proceeds. Any delay in using the reinvestment proceeds to acquire additional income producing assets would reduce our income from operations.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Because holders of our Common Units, including some of our officers and directors, may suffer adverse tax consequences upon the sale of some of our properties, they may seek to influence us not to sell certain properties even if such a sale would otherwise be in our best interest</font></b><font size=2>. Holders of Common Units may suffer adverse tax consequences upon the sale of certain properties. Therefore, holders of Common Units, including certain of our officers and directors, may have different objectives than the Company&#146;s stockholders regarding the appropriate pricing and timing of a property&#146;s sale. Although the Company is the sole general partner of the Operating Partnership and has the exclusive authority to sell all of our individual Wholly Owned Properties, officers and directors who hold Common Units may seek to influence the Company not to sell certain
properties even if such sale might be financially advantageous to stockholders, creditors, bondholders or our business as a whole or influence the Company to enter into tax deferred exchanges with the proceeds of such sales when such a reinvestment might not otherwise be in our best interest.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>The success of our joint venture activity depends upon our ability to work effectively with financially sound partners. </font></b><font size=2>Instead of owning properties directly, we have in some cases invested, and may continue to invest, as a partner or a co-venturer with one or more third parties. Under certain circumstances, this type of investment may involve risks not otherwise present, including the possibility that a partner or co-venturer might be unable to fund its obligations or that a partner or co-venturer might have business interests or goals inconsistent with ours. Also, such a partner or co-venturer may take action contrary to our requests or contrary to provisions in our joint venture agreements that could harm us. In addition, some of our joint ventures are managed on a day to day basis by our partners, and we have only limited influence on their operating
decisions. The success of our investments in those joint ventures is heavily dependent on the operating and financial expertise of our partners. If we want to sell our interests in any of our joint ventures or believe that the properties in the joint venture should be sold, we may not be able to do so in a timely manner or at all, and our partner(s) may not cooperate with our desires, which could harm us.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Our insurance coverage on our properties may be inadequate.</font></b><font size=2> We carry insurance on all of our properties, including insurance for liability, fire, windstorms, flood, earthquakes and business interruption. Insurance companies, however, limit coverage against certain types of losses, such as losses due to terrorist acts, named windstorms, earthquakes and toxic mold. Thus, we may not have insurance coverage, or sufficient insurance coverage, against certain types of losses and/or there may be decreases in the insurance coverage available. Should an uninsured loss or a loss in excess of our insured limits occur, we could lose all or a portion of the capital we have invested in a property or properties, as well as the anticipated future revenue from the property or properties. If any of our properties were to experience a catastrophic loss, it could disrupt our
operations, delay revenue and result in large expenses to repair or rebuild the property. Such events could adversely affect our financial condition. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Our use of debt to finance our operations could have a material adverse effect on our cash flow and ability to make distributions.</font></b><font size=2> We are subject to risks associated with debt financing, such as the sufficiency of cash flow to meet required payment obligations, ability to comply with financial ratios and other covenants and the availability of capital to refinance existing indebtedness or fund important business initiatives. Increases in interest rates on our variable rate debt would increase our interest expense. If we fail to comply with the financial ratios and other covenants under our credit facilities, we would likely not be able to borrow any further amounts under such facilities, which could adversely affect our ability to fund our operations, and our lenders could accelerate outstanding debt.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We generally do not intend to reserve funds to retire existing secured or unsecured debt upon maturity. We may not be able to repay, refinance or extend any or all of our debt at maturity or upon any acceleration. If any refinancing is done at higher interest rates, the increased interest expense could adversely affect our cash flow and ability to pay dividends. Any such refinancing could also impose tighter financial ratios and other covenants that restrict our ability to take actions that could otherwise be in our best interest, such as funding new development activity, making opportunistic acquisitions, repurchasing our securities or paying dividends. If we do not meet our mortgage financing obligations, any properties securing such indebtedness could be foreclosed on, which could have a material adverse effect on our cash flow and ability to pay dividends. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>9</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We depend on our unsecured revolving credit facility, which is currently scheduled to expire in May 2009, for working capital purposes and for the short-term funding of our development and acquisition activity and, in certain instances, the repayment of other debt upon maturity. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and assuming no default exists at that time, the facility will be extended. Continuing ability to borrow under the revolving credit facility allows us to quickly capitalize on accretive opportunities at short-term interest rates. If our lenders default under their obligations under the revolving credit facility or we become unable to borrow additional funds under the facility for any reason, we would be required to seek alternative equity or debt capital, which could be
more costly and adversely impact our financial condition. If such alternative capital were unavailable, we would not be able to make new investments and could have difficulty repaying other debt.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>The Company may be subject to taxation as a regular corporation if it fails to maintain its REIT status, which</font></b><font size=2> </font><b><font size=2>could also have a material adverse effect on the Company&#146;s stockholders and on the Operating Partnership. </font></b><font size=2>The Company is subject to adverse consequences if it fails to qualify as a REIT for federal income tax purposes. While the Company intends to operate in a manner that will allow it to continue to qualify as a REIT, we cannot provide any assurances that it will remain qualified as such in the future, which would have serious particularly adverse consequences to the Company&#146;s stockholders. Many of the requirements for taxation as a REIT are highly technical and complex and depend upon various factual matters and circumstances that may not be entirely within our control. For example, to qualify
as a REIT, at least 95.0% of the Company&#146;s gross income must come from certain sources that are itemized in the REIT tax laws. The fact that the Company holds virtually all of the assets through the Operating Partnership and its subsidiaries further complicates the application of the REIT requirements. Even a technical or inadvertent mistake could jeopardize the Company&#146;s REIT status. Furthermore, Congress and the IRS might change the tax laws and regulations and the courts might issue new rulings that make it more difficult, or impossible, for the Company to remain qualified as a REIT. If the Company fails to qualify as a REIT, it would be subject to federal income tax at regular corporate rates and would, therefore, have less cash available for investments or payment of principal and interest to our creditors or bondholders. This would likely have a significant adverse effect on our financial condition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Cash distributions reduce the amount of cash that would otherwise be available for other business purposes, including funding debt maturities or future growth initiatives. </font></b><font size=2>To maintain our qualification as a REIT, we must annually distribute to our stockholders at least 90% of our ordinary taxable income, excluding net capital gains. In addition, although capital gains are not required to be distributed to maintain REIT status, capital gains, if any, that are generated as part of our capital recycling activity are subject to federal and state income tax unless such gains are distributed to stockholders. Cash distributions made to our stockholders to maintain our REIT status or to distribute otherwise taxable capital gains limit our ability to accumulate capital for use for other business purposes, including funding debt maturities or growth initiatives. Under
temporary IRS regulations, for 2009, distributions can be paid partially using a REIT&#146;s freely-tradable stock so long as stockholders have the option of receiving at least 10% of the total distribution in cash.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Because provisions contained in Maryland law, the Company&#146;s charter and its bylaws may have an anti-takeover effect, the Company&#146;s stockholders may be prevented from receiving a &#147;control premium&#148; for the Common Stock.</font></b><font size=2> Provisions contained in the Company&#146;s charter and bylaws as well as Maryland general corporation law may have anti-takeover effects that delay, defer or prevent a takeover attempt, and thereby prevent stockholders of the Company from receiving a &#147;control premium&#148; for their shares. For example, these provisions may defer or prevent tender offers for the Common Stock or purchases of large blocks of the Common Stock, thus limiting the opportunities for the Company&#146;s stockholders to receive a premium for their Common Stock over then-prevailing market prices. These provisions include the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Ownership limit</font></b><font size=2>. The Company&#146;s charter prohibits direct, indirect or constructive ownership by any person or entity of more than 9.8% of the Company&#146;s outstanding capital stock. Any attempt to own or transfer shares of the Company&#146;s capital stock in excess of the ownership limit without the consent of the Company&#146;s Board of Directors will be void.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Preferred Stock</font></b><font size=2>. The Company&#146;s charter authorizes its Board of Directors to issue Preferred Stock in one or more classes and to establish the preferences and rights of any class of Preferred Stock issued. These actions can be taken without stockholder approval. The issuance of Preferred Stock could have the effect of delaying or preventing someone from taking control of the Company, even if a
change in control were in our best interest.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>10</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Staggered board</font></b><font size=2>. Until the Company&#146;s 2011 annual meeting of stockholders, the Company&#146;s directors will continue to serve staggered terms. The staggering of the Company&#146;s Board may discourage offers for the Company or make an acquisition of the Company more difficult, even when an acquisition is in the best interest of its stockholders.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Maryland control share acquisition statute</font></b><font size=2>. Maryland&#146;s control share acquisition statute applies to the Company, which means that persons, entities or related groups that acquire more than 20% of the Common Stock may not be able to vote such excess shares under certain circumstances if such shares were acquired in one or more transactions not approved by at least two-thirds of the outstanding
Common Stock held by disinterested&nbsp;stockholders.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Maryland unsolicited takeover statute. </font></b><font size=2>Under Maryland law, the Company&#146;s Board of Directors could adopt various anti-takeover provisions without the consent of stockholders. The adoption of such measures could discourage offers for the Company or make an acquisition of the Company more difficult, even when an acquisition is in the best interest of its stockholders.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Anti-takeover protections of Operating Partnership agreement</font></b><font size=2>. Upon a change in control of the Company, the limited partnership agreement of the Operating Partnership requires certain acquirers to maintain an umbrella partnership real estate investment trust (&#147;UPREIT&#148;) structure with terms at least as favorable to the limited partners as are currently in place. For instance, the acquirer
would be required to preserve the limited partner&#146;s right to continue to hold tax-deferred partnership interests that are redeemable for capital stock of the acquirer. Exceptions would require the approval of two-thirds of the limited partners of the Operating Partnership (other than the Company). These provisions may make a change of control transaction involving the Company more complicated and therefore might decrease the likelihood of such a transaction occurring, even if such a transaction would be in the best interest of the Company&#146;s stockholders.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC4"></A><font size=2>ITEM 1B. UNRESOLVED STAFF COMMENTS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>None.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>11</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC5"></A><font size=2>ITEM 2. PROPERTIES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Wholly Owned Properties </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we owned all of the ownership interests in 311 in-service office, industrial and retail properties, encompassing approximately 27.4 million rentable square feet, and 96 rental residential units. The following table sets forth information about our Wholly Owned Properties and our development properties: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap colspan="3" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2008</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap colspan="3" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square Feet</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent </font></b><br> <b><font size=1>Leased/ </font></b><br> <b><font size=1>Pre-Leased</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square Feet</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent </font></b><br> <b><font size=1>Leased/ </font></b><br> <b><font size=1>Pre-Leased</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>In-Service:</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Office </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,556,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90.2</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,260,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>91.1</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial</font>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,467,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92.6</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,036,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94.2</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Retail </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,350,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94.6</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,317,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94.9</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total or Weighted Average </font><font size=1>(3), (5)</font></b>                                                                                                                                                </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>27,373,000</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>91.0</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>26,613,000</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>92.0</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr>
    <tr style='height:8.65pt'>

        <td nowrap valign=top style=' height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Development:</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Completed&#151;Not Stabilized </font><font size=1>(4)</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Office </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>665,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>64.2</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>607,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>75.9</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Industrial</font>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>681,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78.2</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total or Weighted Average </font><font size=1>(6)</font></b>                                                                                                                                                                    </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>665,000</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>64.2</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>1,288,000</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>77.1</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr>
    <tr style='height:8.65pt'>

        <td nowrap valign=top style=' height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>In Process </font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Office </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>358,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65.7</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>887,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59.9</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial</font>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>200,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.0</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Retail</font>                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100.0</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total or Weighted Average </font><font size=1>(7)</font></b>                                                                                                                                                                    </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>558,000</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>60.1</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>917,000</font></b></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>61.2</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr>
    <tr style='height:8.65pt'>

        <td nowrap valign=top style=' height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='height:8.65pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:8.65pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Total:</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Office </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,579,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,754,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial</font>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,667,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,717,000</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Retail </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,350,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,347,000</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total </font><font size=1>(3), (5), (6), (7)</font></b>                                                                                                                                                                                                                                                </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>28,596,000</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>28,818,000</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Substantially all of our office properties are located in suburban markets.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes 426,000 square feet of basement space in the Country Club Plaza and other Kansas City retail properties.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Rentable square feet excludes 96 rental residential units.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>We consider a development project to be stabilized upon the earlier of the original projected stabilization date or the date such project is at least 95% occupied.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes 618,000 square feet of office properties as of December&nbsp;31,&nbsp;2008 and 2007 that are held by consolidated affiliates.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(6)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes 74 completed for-sale residential condominiums as of December&nbsp;31,&nbsp;2008 that are held by consolidated affiliates.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(7)</font></p> </td>

        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes 139 in-process for-sale residential condominiums as of December&nbsp;31,&nbsp;2007 that are held by consolidated affiliates.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>12</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>




<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes the changes in square footage in our in-service Wholly Owned Properties during the past three years:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font
size=1>2007</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap colspan="5" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>(rentable square feet in thousands)</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Office, Industrial and Retail Properties:</font></b></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dispositions</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(744</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,172</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,982</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Developments Placed In-Service </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,380</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>930</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33 </font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Redevelopment/Other</font>                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(11</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(74</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Acquisitions</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>70 </font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Net Change of In-Service Wholly Owned Properties</font></b>                                                                                                                                                                                                                                  </p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>760</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>(239</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>)</font></b></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>(2,953</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>)</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>We place development projects in service upon the earlier of the original projected stabilization date or the date such project is at least 95% occupied.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth geographic and other information about our in-service Wholly Owned Properties at December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable</font></b><br> <b><font size=1>Square Feet</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Occupancy</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="7" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percentage of Annualized Cash Rental Revenue </font><font size=1>(1)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Market</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Office</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Industrial</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Retail</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Raleigh, NC </font><b><font size=1>(2)</font></b>                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,711,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>88.6</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="57" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="63" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Atlanta, GA</font>                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,552,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>93.4</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.1</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.8</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.9</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nashville, TN</font>                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,988,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>95.0</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.7</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.7</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tampa, FL</font>                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,627,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>91.6</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.6</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.6</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO </font><b><font size=1>(3)</font></b>                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,953,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92.3</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9.0</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-1.0pt;text-indent:.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC </font><b><font size=1>(4)</font></b>                                                                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,526,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>86.1</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.0</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.4</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.2</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9.6</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Richmond, VA</font>                                                                                                                                                                               </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,229,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90.8</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.6</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.6</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Memphis, TN</font>                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,473,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92.5</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.1</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.1</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Greenville, SC</font>                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>897,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94.4</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.4</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Orlando, FL</font>                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>317,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>98.4</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.7</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.7</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other</font>                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>84.3</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.6</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.6</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total </font><font size=1>(5)</font></b>                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>27,373,000</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>91.0</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>83.6</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>7.2</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>9.2</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td  width="2">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Annualized Cash Rental Revenue is cash rental revenue (base rent plus additional rent based on the level of operating expenses, excluding straight-line rent) for the month of December&nbsp;2008 multiplied by 12.</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Raleigh market encompasses the Raleigh, Durham, Cary and Research Triangle metropolitan area.</font></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes 426,000 square feet of basement space in the Country Club Plaza and other Kansas City retail properties.</font></p> </td> </tr></table>
</div>



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    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Piedmont Triad market encompasses the Greensboro and Winston-Salem metropolitan area.</font></p> </td> </tr></table>
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    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes 618,000 square feet of office properties held by consolidated affiliates.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>13</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth operating information about our in-service Wholly Owned Properties for the past five years:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Average</font></b><br> <b><font size=1>Occupancy</font></b></p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td
width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annualized</font></b><br> <b><font size=1>Cash Rent</font></b><br> <b><font size=1>Per Square </font></b><br> <b><font size=1>Foot </font><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.55pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2004</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>82.2</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.76</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.55pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2005</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>85.0</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.99</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.55pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2006</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>88.5</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15.89</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.55pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2007</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90.2</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16.27</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.55pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2008</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>91.2</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.18</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Annualized Cash Rent Per Square Foot is cash rental revenue (base rent plus additional rent based on the level of operating expenses, excluding straight-line rent) for the month of December&nbsp;of the respective year multiplied by 12, divided by weighted average total square footage.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Land Held for Development </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We wholly owned 580 acres of development land as of December&nbsp;31,&nbsp;2008. We estimate that we can develop approximately 7.6 million square feet of office and industrial space on the approximately 490 acres that we consider core, long-term holdings for our future development needs. Our development land is zoned and available for office and industrial development, and nearly all of the land has utility infrastructure in place. We believe that our commercially zoned and unencumbered land in existing business parks gives us a development advantage over other commercial real estate development companies in many of our markets. Any future development, however, is dependent on the demand for office and industrial space in these areas, the availability of favorable financing and other factors, and no assurance can be given that any construction will take place on the development land. In
addition, if construction is undertaken on the development land, we will be subject to the risks associated with construction activities, including the risks that occupancy rates and rents at a newly completed property may not be sufficient to make the property profitable, construction costs may exceed original estimates and construction and lease-up may not be completed on schedule, resulting in increased debt service expense and construction expense. We may also develop properties other than office and industrial on certain parcels with unrelated joint venture partners. We consider approximately 90 acres of our development land at December&nbsp;31,&nbsp;2008 to be non-core assets because this land is not necessary for our foreseeable future development needs. We intend to dispose of such non-core development land through sales to other parties or contributions to joint ventures. Approximately four acres with a net book value of $1.2 million are under contract to be sold and are
included in real estate and other assets, net, held for sale in our Consolidated Balance Sheet at December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>14</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Other Properties </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we owned an interest (50.0% or less) in 72 in-service rental properties. These properties include primarily office and industrial buildings encompassing approximately 8.0 million rentable square feet and 418 rental residential units. The following table sets forth information about the stabilized in-service joint venture rental properties by segment and by geographic location at December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="98%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square </font></b><br> <b><font size=1>Feet</font></b></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Occupancy</font></b></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap colspan="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percentage of Annualized Cash Rental Revenue </font><font size=1>(1)</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Market</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Office</font></b></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Industrial</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Retail</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Multi-</font></b><br> <b><font size=1>Family</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Des Moines, IA </font><b><font size=1>(2)</font></b>                                                                                                        </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,505,000</font></p> </td>

        <td width="19" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>87.1</font></p> </td>

        <td width="38" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>% </font></p> </td>

        <td width="51" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27.0</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.3</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.7</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="50" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.3</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35.3</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Orlando, FL</font>                                                                                                                                                </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,852,000</font></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>89.0</font></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27.6</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27.6</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Atlanta, GA</font>                                                                                                                                                 </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>835,000</font></p> </td>

        <td width="19" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>91.7</font></p> </td>

        <td width="38" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.0</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.0</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO </font><b><font size=1>(3)</font></b>                                                                                               </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>714,000</font></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83.1</font></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.5</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.5</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Raleigh, NC </font><b><font size=1>(4)</font></b>                                                                                                                              </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>814,000</font></p> </td>

        <td width="19" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90.4</font></p> </td>

        <td width="38" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.3</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Richmond, VA </font><b><font size=1>(5)</font></b>                                                                                                           </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>413,000</font></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100.0</font></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.1</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.1</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC </font><b><font size=1>(6)</font></b>                                                                             </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>364,000</font></p> </td>

        <td width="19" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43.0</font></p> </td>

        <td width="38" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.1</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.1</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tampa, FL </font><b><font size=1>(7)</font></b>                                                                                                                                      </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>205,000</font></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94.2</font></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.9</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.9</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Charlotte, NC</font>                                                                                                                                      </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>148,000</font></p> </td>

        <td width="19" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100.0</font></p> </td>

        <td width="38" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.7</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.7</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other</font>                                                                                                                                                                                         </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,000</font></p> </td>

        <td width="19" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100.0</font></p> </td>

        <td width="38" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="51" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.5</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="50" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.5</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total</font></b>                                                                                                                                                                                            </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>7,960,000</font></b></p> </td>

        <td width="19" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>87.3</font></b></p> </td>

        <td width="38" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="51" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>91.7</font></b></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>4.3</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="56" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>0.7</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="50" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>3.3</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="56" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:75%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Annualized Cash Rental Revenue is cash rental revenue (base rent plus additional rent based on the level of operating expenses, excluding straight-line rent) for the month of December&nbsp;2008 multiplied by 12.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Rentable square feet excludes 418 residential units, which were 96.9% occupied at December&nbsp;31,&nbsp;2008.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes a 12.5% interest in a 261,000 square foot building that is included in the Company&#146;s Consolidated Financial Statements, but not included in the Operating Partnership&#146;s Consolidated Financial Statements.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Raleigh market encompasses the Raleigh, Durham, Cary and Research Triangle metropolitan area.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>We own a 50.0% interest in this joint venture which is consolidated (see Notes 1 and 2 to our Consolidated Financial Statements).</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(6)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Piedmont Triad market encompasses the Greensboro and Winston-Salem metropolitan area.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(7)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>We own a 20.0% interest in this joint venture which is consolidated (see Notes 1 and 2 to our Consolidated Financial Statements).</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We also owned an approximate 75% economic interest in a consolidated joint venture that owns 74 for-sale residential condominiums as of December&nbsp;31,&nbsp;2008 located in Raleigh, NC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><b><font size=2>Lease Expirations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following tables set forth scheduled lease expirations for existing leases at our in-service and completed &#150; not stabilized Wholly Owned Properties (excluding rental residential units) as of December&nbsp;31,&nbsp;2008. The tables include (1) expirations of leases in properties that are completed but not yet stabilized and (2) the effects of any early renewals exercised by tenants as of December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>15</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Office Properties </font><font size=1>(1)</font><font size=2>:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="98%" style='border-collapse:collapse'>
    <tr >

        <td valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Lease Expiring</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square Feet </font></b><br> <b><font size=1>Subject to </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percentage</font></b><br> <b><font size=1>of Leased </font></b><br> <b><font size=1>Square </font></b><br> <b><font size=1>Footage </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annualized </font></b><br> <b><font size=1>Cash Rental </font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Under </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases </font><font size=1>(2)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Average </font></b><br> <b><font size=1>Annual </font></b><br> <b><font size=1>Rental Rate</font></b><br> <b><font size=1>Per Square </font></b><br> <b><font size=1>Foot for </font></b><br> <b><font size=1>Expirations</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent of </font></b><br> <b><font size=1>Annualized</font></b><br> <b><font size=1>Cash Rental</font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases </font><font size=1>(2)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="4" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>($ in thousands)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009 </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                      </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,905,484</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,282</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.09</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,003,395</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.1</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40,951</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.44</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.3</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,641,415</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>51,930</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19.66</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,445,060</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.6</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,544</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.67</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.9</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,473,836</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.8</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49,458</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19.99</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2014</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,858,582</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.3</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,532</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.19</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2015</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,166,516</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,951</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.53</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2016</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>785,679</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,676</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.68</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.1</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2017</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>982,741</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,814</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.16</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2018</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>519,332</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.9</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,863</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.99</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.7</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                       </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,202,570</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.7</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,352</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>21.08</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.0</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="77" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>17,984,610</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>362,353</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>20.15</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Industrial Properties:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Lease Expiring</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square Feet </font></b><br> <b><font size=1>Subject to </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percentage</font></b><br> <b><font size=1>of Leased </font></b><br> <b><font size=1>Square </font></b><br> <b><font size=1>Footage </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annualized </font></b><br> <b><font size=1>Cash Rental </font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Under </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases </font><font size=1>(2)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Average </font></b><br> <b><font size=1>Annual </font></b><br> <b><font size=1>Rental Rate</font></b><br> <b><font size=1>Per Square </font></b><br> <b><font size=1>Foot for </font></b><br> <b><font size=1>Expirations</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent of </font></b><br> <b><font size=1>Annualized</font></b><br> <b><font size=1>Cash Rental</font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases </font><font size=1>(2)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="4" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>($ in thousands)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009 </font><b><font size=1>(4)</font></b>                                                                                                                                                                                                                      </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,408,570</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,696</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.75</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>21.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>810,964</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.5</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,323</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.33</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.8</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>942,453</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15.8</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,357</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.68</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.2</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>430,580</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.2</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,632</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.11</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>622,840</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.4</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,836</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.16</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2014</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>512,806</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.6</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,757</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.38</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.8</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2015</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>271,382</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,198</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.41</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.8</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2016</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>264,597</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,055</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.99</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2017</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,000</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.4</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>109</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.95</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2018</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>71,884</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.2</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>240</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.34</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.8</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                       </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>629,440</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,038</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.83</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9.7</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>5,987,516</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>31,241</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>5.22</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes properties held by consolidated joint ventures.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Annualized Cash Rental Revenue is cash rental revenue (base rent plus additional rent based on the level of operating expenses, excluding straight-line rent) for the month of December&nbsp;2008 multiplied by 12.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes 44,000 square feet of leases that are on a month-to-month basis, which represent 0.2% of total annualized cash rental revenue.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes 113,000 square feet of leases that are on a month-to-month basis, which represent 0.1% of total annualized cash rental revenue.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>16</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Retail Properties:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="98%" style='border-collapse:collapse'>
    <tr >

        <td valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Lease Expiring</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square Feet </font></b><br> <b><font size=1>Subject to </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percentage</font></b><br> <b><font size=1>of Leased </font></b><br> <b><font size=1>Square </font></b><br> <b><font size=1>Footage </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annualized </font></b><br> <b><font size=1>Cash Rental </font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Under </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases </font><font size=1>(1)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Average </font></b><br> <b><font size=1>Annual </font></b><br> <b><font size=1>Rental Rate</font></b><br> <b><font size=1>Per Square </font></b><br> <b><font size=1>Foot for </font></b><br> <b><font size=1>Expirations</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent of </font></b><br> <b><font size=1>Annualized</font></b><br> <b><font size=1>Cash Rental</font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases </font><font size=1>(1)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="4" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>($ in thousands)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009 </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                      </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>156,664</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,243</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27.08</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>93,405</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.3</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,552</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38.03</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.9</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,981</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,892</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34.41</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.7</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>165,979</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.0</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,223</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31.47</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.0</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>80,760</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,039</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37.63</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2014</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>108,911</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.5</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,838</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.06</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7.1</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2015</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>147,301</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,750</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.25</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.9</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2016</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>69,166</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,773</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.09</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.9</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2017</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>107,946</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,733</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25.32</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.8</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2018</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,341</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.8</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,022</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.96</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.0</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                       </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>229,783</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.1</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,019</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30.55</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="87" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>1,276,237</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>40,084</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>31.41</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Total </font><font size=1>(3)</font><font size=2>:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Lease Expiring</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Rentable </font></b><br> <b><font size=1>Square Feet </font></b><br> <b><font size=1>Subject to </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percentage</font></b><br> <b><font size=1>of Leased </font></b><br> <b><font size=1>Square </font></b><br> <b><font size=1>Footage </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annualized </font></b><br> <b><font size=1>Cash Rental </font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Under </font></b><br> <b><font size=1>Expiring </font></b><br> <b><font size=1>Leases </font><font size=1>(1)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Average </font></b><br> <b><font size=1>Annual </font></b><br> <b><font size=1>Rental Rate</font></b><br> <b><font size=1>Per Square </font></b><br> <b><font size=1>Foot for </font></b><br> <b><font size=1>Expirations</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Percent of </font></b><br> <b><font size=1>Annualized</font></b><br> <b><font size=1>Cash Rental</font></b><br> <b><font size=1>Revenue </font></b><br> <b><font size=1>Represented</font></b><br> <b><font size=1>by Expiring</font></b><br> <b><font size=1>Leases </font><font size=1>(1)</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="4" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>($ in thousands)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009 </font><b><font size=1>(4)</font></b>                                                                                                                                                                                                                      </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,470,718</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.7</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49,221</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.18</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,907,764</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.5</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48,826</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16.79</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11.3</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,638,849</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14.5</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59,179</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16.26</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,041,619</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.0</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58,399</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19.20</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.5</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,177,436</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.6</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,333</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.73</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13.0</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2014</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,480,299</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9.8</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43,127</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.39</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9.9</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2015</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,585,199</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.3</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,899</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.86</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6.9</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2016</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,119,442</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.4</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,504</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16.53</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.3</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2017</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,112,687</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.4</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,656</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20.36</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.2</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2018</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>652,557</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.6</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,125</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.58</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.8</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                       </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,061,793</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.2</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,409</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17.17</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8.2</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>25,248,363</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>433,678</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>$</font></b></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>17.18</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><b><font size=2>100.0</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>%</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:75%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Annualized Cash Rental Revenue is cash rental revenue (base rent plus additional rent based on the level of operating expenses, excluding straight-line rent) for the month of December&nbsp;2008 multiplied by 12. </font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes 17,000 square feet of leases that are on a month-to-month basis, which represent 0.1% of total annualized cash rental revenue.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Excludes properties held by consolidated joint ventures.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes 174,000 square feet of leases that are on a month-to-month basis, which represent 0.4% of total annualized cash rental revenue.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>17</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC6"></A><font size=2>ITEM 3. LEGAL PROCEEDINGS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are from time to time a party to a variety of legal proceedings, claims and assessments arising in the ordinary course of our business. We regularly assess the liabilities and contingencies in connection with these matters based on the latest information available. For those matters where it is probable that we have incurred or will incur a loss and the loss or range of loss can be reasonably estimated, the estimated loss is accrued and charged to income in our Consolidated Financial Statements. In other instances, because of the uncertainties related to both the probable outcome and amount or range of loss, a reasonable estimate of liability, if any, cannot be made. Based on the current expected outcome of such matters, none of these proceedings, claims or assessments is expected to have a material adverse effect on our business, financial condition, results of operations or cash flows.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC7"></A><font size=2>ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:left;'><font size=2>None. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>18</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC8"></A><font size=2>ITEM X. EXECUTIVE OFFICERS OF THE REGISTRANT</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company is the sole general partner of the Operating Partnership. The following table sets forth information with respect to the Company&#146;s executive officers: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><u><b><font size=1>Name</font></b></u><u></u></p> </td>

        <td width="10%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><u><b><font size=1>Age</font></b></u><u></u></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><u><b><font size=1>Position and Background</font></b></u><u></u></p> </td> </tr>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font></p> </td>

        <td width="10%"
valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>50</font></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Director, President and Chief Executive Officer.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><font size=2>Mr.&nbsp;Fritsch became our chief executive officer and chair of the investment committee of our board of directors on July&nbsp;1,&nbsp;2004 and our president in December 2003. Prior to that, Mr.&nbsp;Fritsch was our chief operating officer from January 1998 to July 2004 and was a vice president and secretary from June 1994 to January 1998. Mr.&nbsp;Fritsch joined our predecessor in 1982 and was a partner of that entity at the time of our initial public offering in June 1994. Mr. Fritsch is a member of the NAREIT Board of Governors, immediate past chairperson of the University of North Carolina Board of Visitors, trustee of the North Carolina Symphony, member of Wachovia Bank&#146;s Central Regional Advisory Board and director of the YMCA of the Triangle. </font></p> </td> </tr>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Michael E. Harris</font></p> </td>

        <td width="10%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>59</font></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Executive Vice President and Chief Operating Officer.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><font size=2>Mr.&nbsp;Harris became chief operating officer in July 2004. Prior to that, Mr.&nbsp;Harris was a senior vice president and was responsible for our operations in Memphis, Nashville, Kansas City and Charlotte. Mr.&nbsp;Harris was executive vice president of Crocker Realty Trust prior to its merger with us in 1996. Before joining Crocker Realty Trust, Mr.&nbsp;Harris served as senior vice president, general counsel and chief financial officer of Towermarc Corporation, a privately owned real estate development firm. Mr.&nbsp;Harris is a member of the Advisory Board of Directors of SouthTrust Bank of Memphis and Allen &amp; Hoshall, Inc. </font></p> </td> </tr>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Terry L. Stevens</font></p> </td>

        <td width="10%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>60</font></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Senior Vice President and Chief Financial Officer.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><font size=2>Prior to joining us in December 2003, Mr.&nbsp;Stevens was executive vice president, chief financial officer and trustee for Crown American Realty Trust, a public REIT. Before joining Crown American Realty Trust, Mr.&nbsp;Stevens was director of financial systems development at AlliedSignal, Inc., a large multi-national manufacturer. Mr.&nbsp;Stevens was also an audit partner with Price Waterhouse for approximately seven years. Mr.&nbsp;Stevens currently serves as trustee, chairman of the Audit Committee and member of the Investment and Finance Committee of First Potomac Realty Trust, a public REIT. Mr.&nbsp;Stevens is a member of the American and the Pennsylvania Institutes of Certified Public Accountants.</font></p> </td> </tr>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Gene H. Anderson</font></p> </td>

        <td width="10%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>63</font></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Director, Senior Vice President and Regional Manager.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><font size=2>Mr.&nbsp;Anderson has been a senior vice president since our combination with Anderson Properties, Inc. in February 1997. Mr.&nbsp;Anderson oversees our Atlanta and Triad operations. Mr.&nbsp;Anderson served as president of Anderson Properties, Inc. from 1978 to February 1997. Mr.&nbsp;Anderson was past president of the Georgia chapter of the National Association of Industrial and Office Properties and is a national board member of the National Association of Industrial and Office Properties.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>19</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><u><b><font size=1>Name</font></b></u></p> </td>

        <td width="10%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><u><b><font size=1>Age</font></b></u></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><u><b><font size=1>Position and Background</font></b></u></p> </td> </tr>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Jeffrey D. Miller</font></p> </td>

        <td width="10%" valign=top
style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>38</font></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Vice President, General Counsel and Secretary.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><font size=2>Prior to joining us in March 2007, Mr. Miller was a partner with DLA Piper US, LLP, where he practiced since 2005. Previously, he was a partner with Alston &amp; Bird LLP, where he practiced from 1997. He is admitted to practice in North Carolina. Mr. Miller currently serves as director, chairman of the compensation and governance committee and member of the audit committee of Hatteras Financial Corp., a mortgage REIT.</font></p> </td> </tr>
    <tr >

        <td width="26%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>W. Brian Reames</font></p> </td>

        <td width="10%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>45</font></p> </td>

        <td width="62%" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=2>Senior Vice President and Regional Manager.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0in;margin-bottom:0pt'><font size=2>Mr.&nbsp;Reames became senior vice president and regional manager in August 2004. Mr.&nbsp;Reames manages our Nashville and oversees our Memphis and Greenville operations. Prior to that, Mr.&nbsp;Reames was vice president responsible for the Nashville division, a position he held since 1999. Mr.&nbsp;Reames was a partner at Eakin &amp; Smith, Inc., a Nashville-based office real estate firm, from 1989 until its merger with us in 1996. Mr.&nbsp;Reames is a past Nashville chapter President of the National Association of Industrial and Office Properties. He is currently serving on the Board of Directors of H.G. Hill Realty and as President of the Board of Trustees at Harding Academy in Nashville.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>20</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>PART II</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC9"></A><font size=2>ITEM 5. MARKET FOR REGISTRANT&#146;S COMMON STOCK, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Common Stock is traded on the NYSE under the symbol &#147;HIW.&#148; The following table sets forth the quarterly high and low stock prices per share reported on the NYSE for the quarters indicated and the dividends paid per share during such quarter.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p>
</td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Quarter Ended</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>High</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Low</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Dividend</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>High</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Low</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Dividend</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>March 31</font>                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.34</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.67</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>46.95</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37.99</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>June 30</font>                                                                                                                                                                                                          </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31.42</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43.84</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37.50</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>September 30</font>                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37.94</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.88</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39.01</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.09</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>December 31</font>                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34.29</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15.59</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38.26</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28.89</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:8.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.425 </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On December&nbsp;31,&nbsp;2008, the last reported stock price of the Common Stock on the NYSE was $27.36 per share and the Company had 1,122 common stockholders of record. There is no public trading market for the Common Units. On December&nbsp;31,&nbsp;2008, the Operating Partnership had 125 holders of record of Common Units (other than the Company). As of December&nbsp;31,&nbsp;2008, there were 63.6 million shares of Common Stock and 4.1 million Common Units outstanding not owned by the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Because the Company is a REIT, the partnership agreement requires the Operating Partnership to distribute at least enough cash for the Company to be able to distribute to its stockholders at least 90.0% of its REIT taxable income, excluding capital gains. See &#147;Item 1A. Risk Factors &#150; Cash distributions reduce the amount of cash that would otherwise be available for other business purposes, including funding debt maturities or future growth initiatives.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We generally expect to use cash flows from operating activities to fund distributions. The following factors will affect cash flows from operating activities and, accordingly, influence the decisions of the Company&#146;s Board of Directors regarding distributions:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>debt service requirements after taking into account debt covenants and the repayment and restructuring of certain indebtedness and the availability of alternative sources of debt and equity capital and their impact on our ability to refinance existing debt and grow our business;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>scheduled increases in base rents of existing leases;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>changes in rents attributable to the renewal of existing leases or replacement leases;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

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    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>changes in occupancy rates at existing properties and execution of leases for newly acquired or developed properties; </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

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    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>operating expenses and capital replacement needs; and</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>expected cash flows from financing and investing activities.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following stock price performance graph compares the performance of our Common Stock to the S&amp;P&nbsp;500, the Russell 2000 and the FTSE NAREIT Equity REIT Index. The stock price performance graph assumes an investment of $100 in our Common Stock and the three indices on December&nbsp;31,&nbsp;2003 and further assumes the reinvestment of all dividends. Equity REITs are defined as those that derive more than 75.0% of their income from equity investments in real estate assets. The FTSE NAREIT Equity REIT Index includes all REITs listed on the NYSE, the American Stock Exchange or the NASDAQ National Market System. Stock price performance is not necessarily indicative of future results.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>21</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.gif"><br> </p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap colspan="9" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Period Ending</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font
size=1>Index</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>12/31/04</font></b></p> </td>

        <td width="15" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>12/31/05</font></b></p> </td>

        <td width="15" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>12/31/06</font></b></p> </td>

        <td width="15" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>12/31/07</font></b></p> </td>

        <td width="15" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>12/31/08</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods Properties, Inc.</font>                                                                                                                          </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>116.9</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>127.6</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>192.1</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>144.7</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>142.6</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>S&amp;P 500</font>                                                                                                                                                                               </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110.9</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>116.3</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>134.7</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>142.1</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>89.5</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Russell 2000</font>                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>118.3</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>123.7</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146.4</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>144.2</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>95.4</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>FTSE NAREIT Equity REIT Index</font>                                                                            </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>131.6</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>147.6</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>199.3</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>168.1</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>104.7</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The performance graph above is being furnished as part of this Annual Report solely in accordance with the requirement under Rule 14a-3(b)(9) to furnish the Company&#146;s stockholders with such information and, therefore, is not deemed to be filed, or incorporated by reference in any filing, by the Company or the Operating Partnership under the Securities Act of 1933 or the Securities Exchange Act of 1934.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, cash dividends on Common Stock totaled $1.70 per share, $0.53 of which represented return of capital and $0.20 represented capital gains for income tax purposes. The minimum dividend per share of Common Stock required for the Company to maintain its REIT status (excluding any net capital gains) was $0.76 per share in 2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During the fourth quarter of 2008, the Company issued an aggregate of 22,000 shares of Common Stock to holders of Common Units in the Operating Partnership upon the redemption of a like number of Common Units in private offerings exempt from the registration requirements pursuant to Section 4(2) of the Securities Act. Each of the holders of Common Units was an accredited investor under Rule 501 of the Securities Act. The resale of such shares was registered by the Company under the Securities Act.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During the fourth quarter of 2008, the Operating Partnership issued 183,587 Common Units as part of the acquisition of an office building in Memphis, Tennessee. The Common Units were issued in a private offering exempt from registration requirements pursuant to Section 4(2) of the Securities Act to an accredited investor under Rule 501 of the Securities Act.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>22</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company has a Dividend Reinvestment and Stock Purchase Plan under which holders of Common Stock may elect to automatically reinvest their dividends in additional shares of Common Stock and may make optional cash payments for additional shares of Common Stock. The administrator of the Dividend Reinvestment and Stock Purchase Plan has been instructed by the Company to purchase Common Stock in the open market for purposes of satisfying its obligations thereunder. However, the Company may in the future elect to satisfy such obligations by issuing additional shares of Common Stock.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company has an Employee Stock Purchase Plan for all active employees, under which participants generally may contribute up to 25.0% of their compensation for the purchase of Common Stock. At the end of each three-month offering period, each participant&#146;s account balance is applied to acquire newly issued shares of Common Stock at a cost that is calculated at 85.0% of the lower of the average closing price on the NYSE on the five consecutive days preceding the first day of the quarter or the five days preceding the last day of the quarter.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Information about the Company&#146;s equity compensation plans and other related stockholder matters is incorporated herein by reference to the Company&#146;s Proxy Statement to be filed in connection with its annual meeting of stockholders to be held on May&nbsp;13,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>23</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC10"></A><font size=2>ITEM 6. SELECTED FINANCIAL DATA</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following selected financial data of the Company as of December&nbsp;31,&nbsp;2008 and 2007 and for each of the three years in the period ended December&nbsp;31,&nbsp;2008 is derived from our audited Consolidated Financial Statements included elsewhere herein. The selected financial data as of December&nbsp;31,&nbsp;2006, 2005 and 2004 and for each of the two years in the period ended December&nbsp;31,&nbsp;2005 is derived from previously issued financial statements. Operations for the years ended December&nbsp;31,&nbsp;2007, 2006, 2005 and 2004 have been reclassified from previously reported amounts to reflect in discontinued operations the operations for those properties sold or held for sale in 2008 which qualified for discontinued operations presentation. The information in the following table should be read in conjunction with the Company&#146;s audited Consolidated Financial
Statements and related notes included herein ($ in thousands, except per share data):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December 31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>379,577</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>373,336</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income from continuing operations</font></b>                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,896</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,735</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,603</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,252</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,731</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income/(loss) from continuing operations </font></b><br> <b><font size=2>available for common stockholders</font></b>                                                                     </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,984</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36,973</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,737</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4,258</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(15,121</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income</font></b>                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,992</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90,745</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>53,744</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,458</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,577</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income available for common stockholders</font></b>                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,080</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,983</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,878</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,948</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,725</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common share &#150; basic:</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font>                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.29</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.08</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.28</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.33</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.58</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.20</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common share &#150; diluted:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font>                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.28</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.08</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.28</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.31</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.62</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.58</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.20</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Dividends declared per common share</font></b>                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom
>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance Sheet Data:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total assets</font>                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,946,170</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,926,955</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,844,853</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,908,978</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,239,658</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,465,129</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,471,616</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,572,574</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                     </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,530</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,154</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65,309</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>24</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following selected financial data of the Operating Partnership as of December&nbsp;31,&nbsp;2008 and 2007 and for each of the three years in the period ended December&nbsp;31,&nbsp;2008 is derived from our audited Consolidated Financial Statements included elsewhere herein. The selected financial data as of December&nbsp;31,&nbsp;2006, 2005 and 2004 and for each of the two years in the period ended December&nbsp;31,&nbsp;2005 is derived from previously issued financial statements. Operations for the years ended December&nbsp;31,&nbsp;2007, 2006, 2005 and 2004 have been reclassified from previously reported amounts to reflect in discontinued operations the operations for those properties sold or held for sale in 2008 which qualified for discontinued operations presentation. The information in the following table should be read in conjunction with the Operating Partnership&#146;s
audited Consolidated Financial Statements and related notes included herein ($ in thousands, except per unit data):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December 31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>379,791</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>373,530</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income from continuing operations</font></b>                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,062</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,862</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,859</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26,391</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,145</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income/(loss) from continuing operations </font></b><br> <b><font size=2>available for common unitholders</font></b>                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,150</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,100</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,993</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(5,119</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(16,707</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income</font></b>                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,442</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,216</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,307</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65,252</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,964</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income available for common unitholders</font></b>                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,530</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,454</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,441</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,742</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,112</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common unit &#150; basic:</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font>                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.29</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.09</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.28</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.30</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.63</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.57</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common unit &#150; diluted:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font>                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.27</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.09</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.28</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.28</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.61</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.57</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Distributions declared per common unit</font></b>                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom
>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2005</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2004</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance Sheet Data:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total assets</font>                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,944,856</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,925,804</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,837,649</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,901,858</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,232,062</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,464,266</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,471,616</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,572,574</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                     </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,530</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,154</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65,309</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>25</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC11"></A><font size=2>ITEM 7. MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Operating Partnership is managed by its sole general partner, the Company, a fully integrated, self-administered and self-managed equity REIT that provides leasing, management, development, construction and other customer-related services for our properties and for third parties. The Company conducts virtually all of its activities through the Operating Partnership. As of December&nbsp;31,&nbsp;2008, we owned or had an interest in 383 in-service office, industrial and retail properties, encompassing approximately 35.3 million square feet and 514 rental residential units, which includes a 12.5% interest in a 261,000 square foot office property directly owned by the Company and thus is included in the Company&#146;s Consolidated Financial Statements, but not included in the Operating Partnership&#146;s Consolidated Financial Statements. As of that date, we also owned development land
and other properties under development as described under &#147;Business&#148; and &#147;Properties&#148; above. We are based in Raleigh, North Carolina, and our properties and development land are located in Florida, Georgia, Iowa, Kansas, Maryland, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Virginia.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>You should read the following discussion and analysis in conjunction with the accompanying Consolidated Financial Statements and related notes contained elsewhere herein. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>DISCLOSURE</small> <small>REGARDING</small> <small>FORWARD-LOOKING</small> <small>STATEMENTS</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Some of the information in this Annual Report may contain forward-looking statements. Such statements include, in particular, statements about our plans, strategies and prospects under this section and under the heading "Business." You can identify forward-looking statements by our use of forward-looking terminology such as "may,&#148; "will,&#148; "expect,&#148; "anticipate,&#148; "estimate,&#148; "continue" or other similar words. Although we believe that our plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that our plans, intentions or expectations will be achieved. When considering such forward-looking statements, you should keep in mind the following important factors that could cause our actual results to differ materially from those contained in any forward-looking statement: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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    <tr >

        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>development activity by our competitors in our existing markets could result in an excessive supply of office, industrial and retail properties relative to tenant demand;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.08%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the financial condition of our tenants could deteriorate;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.08%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>we may not be able to complete development, acquisition, reinvestment, disposition or joint venture projects as quickly or on as favorable terms as anticipated;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.08%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>we may not be able to lease or release second generation space quickly or on as favorable terms as old leases;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:10.92%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>we may not be able to lease our newly constructed buildings as quickly or on a favorable terms as originally anticipated;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>difficulties in obtaining additional capital to satisfy our future cash needs or increases in interest rates could adversely impact our ability to fund important business initiatives and increase our debt service costs;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>we may not be able to meet our liquidity requirements or obtain capital on favorable terms to fund our working capital needs and growth initiatives or to repay or refinance outstanding debt upon maturity; </font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>in light of the current dislocations in the credit markets, one or more of our banking partners could suffer unexpected financial difficulties that cause them to default on their obligations under our existing revolving credit facility and/or revolving construction facility, which would make it difficult for us to meet our short- and long-term liquidity needs;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the Company could lose key executive officers; and</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>26</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>our southeastern and midwestern markets may suffer declines in economic growth.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>This list of risks and uncertainties, however, is not intended to be exhaustive. You should also review the other cautionary statements we make in &#147;Business &#150; Risk Factors&#148; set forth in this Annual Report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Given these uncertainties, you should not place undue reliance on forward-looking statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements to reflect any future events or circumstances or to reflect the occurrence of unanticipated events. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>RESULTS</small> <small>OF</small> <small>OPERATIONS</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Comparison of 2008 to 2007</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As noted above, results for 2007 were reclassified from previously reported amounts to reflect in discontinued operations the operations for those properties sold or held for sale in 2008 which qualified for discontinued operations presentation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Rental and Other Revenues</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>While we own and operate a limited number of industrial, retail and residential properties, our operating results depend heavily on successfully leasing and operating our office properties. Economic growth in Florida, Georgia, North Carolina and Tennessee is and will continue to be an important determinative factor in predicting our future operating results. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The key components affecting our rental and other revenues are average occupancy, rental rates, new developments placed in service, acquisitions and dispositions. Average occupancy generally increases during times of improving economic growth, as our ability to lease space outpaces vacancies that occur upon the expirations of existing leases. Average occupancy generally declines during times of slower economic growth, when new vacancies tend to outpace our ability to lease space. Asset acquisitions, dispositions and new developments placed in service directly impact our rental revenues and could impact our average occupancy, depending upon the occupancy rate of the properties that are acquired, sold or placed in service. A further indicator of the predictability of future revenues is the expected lease expirations of our portfolio. As a result, in addition to seeking to increase our
average occupancy by leasing current vacant space, we also must concentrate our leasing efforts on renewing leases on expiring space. For more information regarding our lease expirations, see &#147;Properties &#150; Lease Expirations.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Whether or not our rental revenue tracks average occupancy proportionally depends upon whether rents under new leases signed are higher or lower than the rents under the previous leases. The average rental rate per square foot on second generation renewal and relet leases signed in our Wholly Owned Properties compared to the rent under the previous leases (based on straight line rental rates) was 9.1% higher in 2008 than in 2007. The annualized rental revenues from second generation leases signed during any particular year is generally less than 15% of our total annual rental revenues.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental and other revenues from continuing operations were 7.6% higher in 2008 as compared to 2007 primarily due to the contribution from development properties placed in service in 2007 and 2008, higher average occupancy and higher average rental rates. We expect a slight decline in total occupancy in 2009 primarily related to anticipated declines in occupancy at our industrial properties. We expect to sell additional non-core properties in 2009 that will likely be classified as discontinued operations. We expect 2009 rental and other revenues to increase slightly over 2008, adjusted for any discontinued operations in 2009, due to the effect of new developments placed in service in 2008 and 2009 as discussed below, partly offset by the slight projected decline in occupancy.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We expect to deliver approximately $92.6 million of new office and industrial development properties by the end of 2009, which currently are 68.2% pre-leased. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Operating Expenses</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our expenses primarily consist of rental property expenses, depreciation and amortization, general and administrative expenses and interest expense. For 2008 and 2007, expenses also included impairments of assets held for use. Rental property expenses are expenses associated with our ownership and operation of rental properties and </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>27</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>include expenses that vary somewhat proportionately to occupancy levels, such as common area maintenance and utilities, and expenses that do not vary based on occupancy, such as property taxes and insurance. Depreciation and amortization is a non-cash expense associated with the ownership of real property and generally remains relatively consistent each year, unless we buy, place in service or sell assets, since we depreciate our properties and related building and tenant improvement assets on a straight-line basis over a fixed life. General and administrative expenses, net of amounts capitalized, consist primarily of management and employee salaries and other personnel costs, corporate overhead and long-term incentive compensation. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental and other operating expenses were approximately 8.0% higher in 2008 as compared to 2007 primarily due to general inflationary increases in certain operating expenses, which include utility costs, insurance, real estate taxes, salaries, and benefits, and from expenses of development properties placed in service in 2007 and 2008. We expect rental and other operating expenses to increase in 2009 as compared to 2008 from utility and property tax increases and from development properties placed in service during the latter part of 2008 and in 2009, partially offset by planned dispositions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Operating margin, defined as rental and other revenues less rental property and other expenses expressed as a percentage of rental and other revenues, was relatively unchanged at 64.1% in 2008 as compared to 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The increase in depreciation and amortization of 5.4% results primarily from development properties placed in service in the latter part of 2007 and in 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2008, 11 buildings in two business parks and one land parcel in Winston-Salem, NC became impaired and an expense charge aggregating $32.8 million was recorded, of which $32.4 million related to the 11 buildings and $0.4 million to the land parcel. In 2007, one land parcel became impaired and an expense charge of $0.8 million was recorded. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>General and administrative expenses were approximately 8.5% lower in 2008 as compared to 2007 primarily due to lower audit and legal fees and lower deferred compensation expense, partially offset by higher compensation costs including short and long-term incentive compensation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Interest Expense</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Interest expense depends upon the amount of our borrowings, the weighted average interest rates on our debt and the amount of interest capitalized on development projects.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Contractual interest expense is shown net of amounts capitalized to development projects. The net decrease in contractual interest was primarily due to a decrease in weighted average interest rates on outstanding debt from 6.74% in the year ended December&nbsp;31,&nbsp;2007 to&nbsp;6.08% in the year ended December&nbsp;31,&nbsp;2008, partly offset by an increase in average borrowings from $1,540 million in the year ended December&nbsp;31,&nbsp;2007 to $1,664 million in the year ended December&nbsp;31,&nbsp;2008. In addition, capitalized interest in 2008 was approximately $1.4 million lower compared to 2007 due to decreased development activity and lower average construction and development costs.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Total interest expense is expected to decrease in 2009 due to expected lower average outstanding debt balances resulting from the September 2008 equity offering and expected asset sales, offset by expected higher average interest rates resulting from projected new debt financings and lower capitalized interest. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Gains on Disposition of Properties; Gains on For-Sale Residential Condominiums; Gain from Property Insurance Settlement; Minority Interest; Equity in Earnings of Unconsolidated Affiliates</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Net gains on dispositions of properties not classified as discontinued operations were $0.8 million in 2008 compared to $20.6 in 2007. Gains are dependent on the specific assets sold, historical cost basis and other factors, and can vary significantly from period to period.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2008, gains on for-sale residential condominiums aggregating $5.6 million resulted from sales of such condominiums and forfeitures of earnest money deposits by defaulting contractual counterparties. Our partner&#146;s interest in these gains was $1.3 million and was recorded as minority interest. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2007, we recorded a $4.1 million gain from finalization of a prior year insurance claim. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Minority interest in the Company&#146;s Consolidated Statements of Income decreased $1.2 million in 2008 compared to 2007 primarily due to lower income from continuing operations, after preferred equity distributions, of </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>28</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>the Operating Partnership as a result of the various charges discussed above, partially offset by the minority interest in gains on for-sale residential condominiums. Minority interest in the Operating Partnership&#146;s Consolidated Statements of Income increased $1.4 million compared to 2007 due primarily to the minority interest in the gains on for-sale residential condominiums.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Equity in earnings of unconsolidated affiliates in the Company decreased $7.2 million from 2007 to 2008. In 2007, our Weston Lakeside joint venture sold 332 rental residential units, recognizing a gain of approximately $11.3 million, which resulted in an increase of approximately $5.0 million in equity in earnings of unconsolidated affiliates. Additionally in 2007, our DLF I joint venture sold five properties and the joint venture recognized a gain of approximately $9.3 million, resulting in an increase of approximately $2.1 million in equity in earnings of unconsolidated affiliates. Equity in earnings of unconsolidated affiliates in the Operating Partnership does not include the Company&#146;s 12.5% interest in a 261,000 square foot office property owned directly by the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Discontinued Operations</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company classified income of $19.1 million and $38.0 million as discontinued operations, net of minority interest in 2008 and 2007, respectively. These amounts relate to 2.0 million square feet of office and industrial properties and 13 rental residential units sold during 2007 and 2008 and include net gains on the sale of these properties of $17.3 million and $32.0 million in 2008 and 2007, respectively. The minority interest included in these amounts in the Company&#146;s Consolidated Statements of Income relates to minority interest in the Operating Partnership.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, the Company recorded $1.5 million in income from the release of a FIN 48 liability; this item did not relate to the Operating Partnership&#146;s operations and is thus not recorded in the Operating Partnership&#146;s Consolidated Financial Statements. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Dividends on Preferred Equity and Excess of Preferred Equity Redemption/Repurchase Cost Over Carrying Value</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The decrease in preferred equity dividends and excess of preferred equity redemption/repurchase costs over carrying value were due to the redemption/repurchase of $52.5 million and $62.3 million of preferred equity in 2008 and 2007, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Comparison of 2007 to 2006 </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As noted above, previously reported results for 2007 and 2006 were reclassified to reflect in discontinued operations the operations for those properties sold or held for sale in 2008 which qualified for discontinued operations presentation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Rental and Other Revenues</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental and other revenues from continuing operations were 6.8% higher in 2007 as compared to 2006 primarily due to the contribution from development properties placed in service in 2006 and in 2007, higher average occupancy and higher average rental rates.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Operating Expenses</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental and other operating expenses were 4.6% higher in 2007 as compared to 2006 primarily due to general inflationary increases in certain operating expenses, which include utility costs, insurance, real estate taxes, salaries, and benefits, and from expenses of development properties placed in service in 2006 and 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Operating margin, defined as rental and other revenues less rental property and other expenses expressed as a percentage of rental and other revenues, increased to approximately 64.2% in 2007 from approximately 63.5% in 2006. This increase in margin was primarily attributed to higher average occupancy combined with certain operating expenses, such as taxes and insurance, being relatively fixed in the short term.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The increase in depreciation and amortization of 8.4% primarily results from development properties placed in service in 2006 and in 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2007, one land parcel became impaired and an expense charge of $0.8 million was recorded.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>29</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>General and administrative expenses were approximately 11.4% higher in 2007 as compared to 2006 primarily due to higher write-offs of deferred development costs on projects that did not proceed or were deemed unlikely to occur in the future, higher annual and long-term incentive compensation costs, higher salary and fringe benefit costs from annual employee wage and salary increases and inflationary effects on other general and administrative expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Interest Expense</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Contractual interest expense is shown net of amounts capitalized to development projects. The net decrease in contractual interest was primarily due to a decrease in weighted average interest rates on outstanding debt of 6.74% in 2007 compared to 6.92% in 2006, partly offset by an increase in average borrowings of $1,540 million in 2007 compared $1,441 million in 2006. In addition, capitalized interest in 2007 was approximately $4.7 million higher compared to 2006 due to increased development activity and higher average construction and development costs.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Settlement of Tenant Bankruptcy Claim</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2006, we received a settlement of a bankruptcy claim in the amount of $1.6 million related to leases with a former tenant that were terminated in 2003. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Gains on Disposition of Properties; Gain from Property Insurance Settlement; Minority Interest; Equity in Earnings of Unconsolidated Affiliates</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company recorded net gains on dispositions of properties not classified as discontinued operations of $20.6 million in 2007 compared to $16.2 million in 2006. Gains are dependent on the specific assets sold, historical cost basis and other factors, and can vary significantly from period to period.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2007, we recorded a $4.1 million gain from finalization of a prior year insurance claim. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Minority interest in the Company&#146;s Consolidated Statements of Income increased $1.5 million in 2007 compared to 2006 primarily due to higher income from continuing operations, after preferred equity distributions, in 2007 of the Operating Partnership compared to 2006. Minority interest in the Operating Partnership&#146;s Consolidated Statements of Income remained unchanged at approximately $0.6 million for both years. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Equity in earnings of unconsolidated affiliates in the Company increased $6.3 million from 2006 to 2007. In 2007, our Weston Lakeside joint venture sold 332 rental residential units, recognizing a gain of approximately $11.3 million, which resulted in an increase of approximately $5.0 million in equity in earnings of unconsolidated affiliates. Additionally in 2007, our DLF I joint venture sold five properties and the joint venture recognized a gain of approximately $9.3 million, resulting in an increase of approximately $2.1 million in equity in earnings of unconsolidated affiliates. Equity in earnings of unconsolidated affiliates in the Operating Partnership does not include the Company&#146;s 12.5% interest in a 261,000 square foot office property owned directly by the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Discontinued Operations</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company classified income of $38.0 million and $19.1 million as discontinued operations, net of minority interest in 2007 and 2006, respectively. These discontinued operations relate to 5.0 million square feet of office and industrial properties and 186 rental residential units sold during 2008, 2007 and 2006 and include net gains on the sale of these properties of $32.0 million and $13.9 million in 2007 and 2006, respectively. The minority interest included in these amounts in the Company&#146;s Consolidated Statements of Income relates to minority interest in the Operating Partnership.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, the Company recorded $1.5 million in income from the release of a FIN 48 liability; this item did not relate to the Operating Partnership&#146;s operations and is thus not recorded in the Operating Partnership&#146;s Consolidated Financial Statements. See Note 16 to our Consolidated Financial Statements for further discussion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><i><b><font size=2>Dividends on Preferred Equity and Excess of Preferred Equity Redemption/Repurchase Cost Over Carrying Value</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The decrease in preferred equity dividends and increase in excess of preferred equity redemption/repurchase costs over carrying value were due to the redemption/repurchase of $62.3 million and $50.0 million of preferred equity in 2007 and 2006, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>30</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>LIQUIDITY</small> <small>AND</small> <small>CAPITAL</small> <small>RESOURCES</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Overview</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We generally use rents received from customers to fund our operating expenses, recurring capital expenditures and distributions. To fund property acquisitions, development activity or building renovations and repay debt upon maturity, we may sell assets and/or obtain new debt. Our debt generally consists of mortgage debt, unsecured debt securities and borrowings under our secured and unsecured credit facilities. We also may sell or issue common or preferred equity to fund additional growth or to reduce our debt. To generate additional capital to fund our growth and other strategic initiatives and to lessen the ownership risks typically associated with owning 100.0% of a property, we may also sell some of our properties or contribute them to joint ventures.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our goal is to maintain a conservative and flexible balance sheet. Our $450.0 million unsecured revolving credit facility is currently scheduled to mature on May&nbsp;1,&nbsp;2009. As permitted under the terms of the revolving credit facility, we have submitted our notice to extend the maturity date of the credit facility by one year. Upon payment of the extension fee and assuming no default exists at May&nbsp;1,&nbsp;2009, the facility will be extended until May&nbsp;1,&nbsp;2010. As a result of this extension, we will have sufficient borrowing availability under our revolving credit facility to retire the approximate $123.0 million of debt, as measured at February&nbsp;12,&nbsp;2009, that will mature (including approximately $7.3 million of required principal amortization payments relating to debt that matures in future years) during the remainder of 2009 and fund the remaining costs of
our current development pipeline. In January 2009, we paid off at maturity $50.0 million of 8.125% unsecured notes using borrowings under our revolving credit facility. Because the cost and availability of credit, however, has been and may continue to be adversely affected by illiquid credit markets and wider credit spreads, we expect to use less cash for investing activities in 2009 than in prior years. Based on management&#146;s view of current and future market conditions, we expect to generate a positive amount of cash from operating activities during 2009. We currently intend to use any such positive net cash flows from operating activities after payment of distributions and recurring capital expenditures, together with the proceeds from projected non-core property dispositions and projected new debt financings, to reduce outstanding debt balances in 2009. These forward-looking statements are subject to risks and uncertainties. See &#147;&#151;Disclosure Regarding Forward-Looking
Statements.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Statements of Cash Flows</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As required by GAAP, we report and analyze our cash flows based on operating activities, investing activities and financing activities. The following table sets forth the changes in the Company&#146;s cash flows from 2007 to 2008 ($&nbsp;in thousands):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year Ended December 31,</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="9" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Change</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash Provided By Operating Activities</font>                                                                                                                                                                                                                                                                  </p> </td>

        <td width="7" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>157,822</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>161,663</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="21" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,841</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash Used In Investing Activities</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(134,343</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(150,704</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="21" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,361</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:justify;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Cash Used In Financing Activities</font>                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="7" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(12,862</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(24,509</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="21" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,647</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:justify;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total Cash Flows</font></b>                                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,617</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,550</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="21" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24,167</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth the changes in the Operating Partnership&#146;s cash flows from 2007 to 2008 ($&nbsp;in thousands):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year Ended December 31,</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="16"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="9" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Change</font></b></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash Provided By Operating Activities</font>                                                                                                                                                                                                                                                                  </p> </td>

        <td width="7" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>157,782</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>161,526</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="21" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,744</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash Used In Investing Activities</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(134,343</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(151,858</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="21" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,515</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:justify;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Cash Used In Financing Activities</font>                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="7" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(12,934</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(22,362</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="21" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,428</font></p> </td>

        <td width="16" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:justify;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total Cash Flows</font></b>                                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="7" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,505</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(12,694</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="21" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,199</font></p> </td>

        <td width="16" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In calculating cash flow from operating activities, depreciation and amortization, which are non-cash expenses, are added back to net income. As a result, we have historically generated a positive amount of cash from operating activities. From period to period, cash flow from operations depends primarily upon changes in our net income, as </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>31</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>discussed more fully above under &#147;Results of Operations,&#148; changes in receivables and payables, and net additions or decreases in our overall portfolio, which affect the amount of depreciation and amortization expense.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Cash provided by or used in investing activities generally relates to capitalized costs incurred for leasing and major building improvements and our acquisition, development, disposition and joint venture activity. During periods of significant net acquisition and/or development activity, our cash used in such investing activities will generally exceed cash provided by investing activities, which typically consists of cash received upon the sale of properties and distributions of capital from our joint ventures. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Cash used in financing activities generally relates to distributions, incurrence and repayment of debt and sales, repurchases or redemptions of Common Stock, Common Units and Preferred Stock. As discussed previously, we use a significant amount of our cash to fund distributions. Whether or not we have increases in the outstanding balances of debt during a period depends generally upon the net effect of our acquisition, disposition, development and joint venture activity. We use our revolving credit facility for working capital purposes, which means that during any given period, in order to minimize interest expense, we will likely record significant repayments and borrowings under our revolving credit facility.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The decrease of $3.8 million in cash provided by operating activities of the Company in 2008 compared to 2007 was primarily the result of the net decrease in the change in operating assets and liabilities partially offset by cash flows from net income as adjusted for changes in depreciation and amortization, gains on disposition of properties, impairments of assets held for use, gains from for-sale residential condominiums, gain from a property insurance settlement, minority interest, and equity in earnings of unconsolidated affiliates. Cash provided by operating activities of the Operating Partnership differs from cash provided by operating activities of the Company primarily due to minority interest in the Operating Partnership included in the Company&#146;s Consolidated Financial Statements but not included in the Operating Partnership&#146;s Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The decrease of $16.4 million in cash used in investing activities in 2008 compared to 2007 was primarily the result of lower capital expenditure spending, higher proceeds from the dispositions of for-sale residential condominiums and positive changes in restricted cash and other investment activities, partially offset by lower proceeds from disposition of real estate assets, lower returns of capital from unconsolidated affiliates, and higher contributions to unconsolidated affiliates, primarily for the formation of a new joint venture. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The decrease of $11.6 million in cash used in financing activities in 2008 compared to the same period in 2007 was primarily the result of fewer retirements of Preferred Stock and Preferred Units, lower distributions on Preferred Stock and Preferred Distributions, substantially higher proceeds from the sale of Common Stock, higher net borrowings from mortgages and notes payable and our revolving credit facility, and lower repurchases of Common Units, partially offset by higher distributions resulting from an increase in the number of shares of Common Stock outstanding and lower contributions from minority interest partners. Cash used in financing activities of the Operating Partnership differs from cash used in financing activities of the Company primarily due to cash used to repurchase Common Units included in the cash flows of the Company but not included in the cash flows of the
Operating Partnership.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Capitalization</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth the Company&#146;s capitalization (in thousands, except per share amounts):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:none; border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31, </font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b><br> <b><font size=1>2007</font></b></p>
</td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable, at recorded book value</font>                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Preferred Stock, at liquidation value</font>                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>81,592</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135,437</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Common Stock outstanding</font>                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,572</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,167</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest partnership units</font>                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,067</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,057</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Per share  stock price at year end</font>                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27.36</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Market value of Common Stock and Common Units</font>                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,850,603</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,798,761</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total market capitalization with debt and obligations</font>                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,571,054</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,611,256</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>32</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Based on our total market capitalization of approximately $3.6 billion at December&nbsp;31,&nbsp;2008 (at the December&nbsp;31,&nbsp;2008 per share stock price of $27.36 and assuming the redemption for shares of Common Stock of the approximate 4.1 million Common Units not owned by the Company), our mortgages and notes payable represented 44.9% of our total market capitalization. Mortgages and notes payable at December&nbsp;31,&nbsp;2008 was comprised of $655.2 million of secured indebtedness with a weighted average interest rate of 6.45% and $949.5 million of unsecured indebtedness with a weighted average interest rate of 5.26%. As of December&nbsp;31,&nbsp;2008, our outstanding mortgages and notes payable and financing obligations were secured by real estate assets with an aggregate undepreciated book value of approximately $1.1 billion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Current and Future Cash Needs</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental and other revenues are our principal source of funds to meet our short-term liquidity requirements.  Other sources of funds for short-term liquidity needs include available working capital and borrowings under our revolving credit facility and revolving construction credit facility (which had $262.7 million and $42.4 million of availability, respectively, as of February&nbsp;12,&nbsp;2009). Our short-term liquidity requirements primarily consist of operating expenses, interest and principal amortization on our debt, distributions, any payments under guarantee obligations and recurring capital expenditures, including building improvement costs, tenant improvement costs and lease commissions. Building improvements are recurring capital costs not related to a specific customer to maintain existing buildings.  Recurring tenant improvements are the costs required to customize space for
the specific needs of customers in spaces other than in new development projects. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Notwithstanding the ongoing turbulence and uncertainty in the global capital markets, such as widening credit spreads and tightening underwriting standards which have negatively impacted the availability of capital across many industries, we anticipate that our available cash and cash equivalents and cash flows from operating activities, with cash available from borrowings under our credit facilities, will be adequate to meet our short-term liquidity requirements. As a result of the expected one-year extension of our revolving credit facility, we will have sufficient borrowing availability under our revolving credit facility to retire the approximate $123.0 million of debt, as measured at February&nbsp;12,&nbsp;2009, that will mature (including approximately $7.3 million of required principal amortization payments relating to debt that matures in future years) during the remainder of 2009
and fund the remaining costs of our current development pipeline. If these sources of funds are insufficient or unavailable, our ability to pay distributions and satisfy other cash payments may be adversely affected. See &#147;Item 1A. Risk Factors &#150; Our use of debt to finance our operations could have a material adverse effect on our cash flow and ability to make distributions.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our long-term liquidity uses generally consist of the retirement or refinancing of debt upon maturity (including mortgage debt, our revolving and construction credit facilities, term loans and other unsecured debt), funding of existing and new building development or land infrastructure projects and funding acquisitions of buildings and development land.  Excluding recurring capital expenditures for leasing costs and tenant improvements and for normal building improvements, our expected future capital expenditures for started and/or committed new development projects were approximately $58 million at December&nbsp;31,&nbsp;2008. A significant portion of these future expenditures are currently subject to binding contractual arrangements. Additionally, we may from time to time retire some or all of our remaining outstanding Preferred Stock through redemptions, open market repurchases,
privately negotiated acquisitions or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We expect to meet our long-term liquidity needs through a combination of:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>positive net cash flows from operating activities after payment of distributions and recurring capital expenditures;</font></p> </td> </tr></table>
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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>unsecured borrowings under our existing revolving credit facility or new financing arrangements that we may obtain;</font></p> </td> </tr></table>
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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>secured borrowings under existing construction facilities or new financing arrangements that we may obtain (at December 31, 2008, we had approximately $2.3 billion of unencumbered real estate assets at undepreciated cost);</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the disposition of non-core assets;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the issuance by the Operating Partnership of unsecured debt securities;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>33</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the issuance of equity securities by the Company and the Operating Partnership; and</font></p> </td> </tr></table>
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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>the sale or contribution of some of our Wholly Owned Properties, development projects and development land to strategic joint ventures to be formed with unrelated investors, which would have the net effect of generating additional capital through such sale or contributions.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Distributions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To maintain its qualification as a REIT, the Company must pay dividends to stockholders that are at least 90.0% of its annual REIT taxable income, excluding net capital gains. The Company&#146;s REIT taxable income, as determined by the federal tax laws, does not equal its net income under GAAP. In addition, although capital gains are not required to be distributed to maintain REIT status, capital gains, if any, that are generated as part of our capital recycling activity are subject to federal and state income tax unless such gains are distributed to stockholders. The partnership agreement requires the Operating Partnership to distribute at least enough cash for the Company to be able to pay such dividends. Although the minimum Common Stock dividend per share required for the Company to maintain its REIT status (excluding any net capital gains) was $0.76 and $0.54 in 2008 and 2007,
respectively, our per share and per unit distributions during both years was $1.70. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Cash distributions reduce the amount of cash that would otherwise be available for other business purposes, including funding debt maturities or future growth initiatives. Under temporary IRS regulations, for 2009, distributions can be paid partially using a REIT&#146;s freely tradable common stock, provided that stockholders have the option of receiving at least 10% of the total distribution in cash. The amount and composition of future distributions will be made at the discretion of the Company&#146;s Board of Directors. For a discussion of the factors that will influence decisions of the Board of Directors regarding distributions, see &#147;Item 5. Market for Registrant&#146;s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Financing Structure and Activity</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In September&nbsp;2008, the Company sold 5.5 million shares of Common Stock for net proceeds of $195.0 million. As required by the terms of the partnership agreement of the Operating Partnership, the net proceeds from the offering were contributed by the Company to the Operating Partnership in exchange for 5.5 million additional Common Units. A portion of the net proceeds of the offering were subsequently used to repurchase 53,845 8.625% Series A Cumulative Redeemable Preferred Shares for an aggregate purchase price of $52.5 million. The remaining net proceeds from the offering were used to reduce the borrowings then outstanding under our revolving credit facility. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In January&nbsp;2009, we paid off at maturity $50.0 million of 8.125% unsecured notes using borrowings under our revolving credit facility.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our $70.0 million secured construction facility, which bears interest at LIBOR plus 85 basis points, is initially scheduled to mature on December&nbsp;20,&nbsp;2010. Assuming no defaults have occurred, we have options to extend the maturity date for two successive one-year periods. As of December&nbsp;31,&nbsp;2008, $16.6 million of borrowings were outstanding under the construction facility.</font><b><font size=2> </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our $450.0 million unsecured revolving credit facility is currently scheduled to mature on May&nbsp;1,&nbsp;2009. As permitted under the terms of the revolving credit facility, we have submitted our notice to extend the maturity date of the credit facility by one year. Upon payment of the extension fee and assuming no default exists at May&nbsp;1,&nbsp;2009, the facility will be extended until May&nbsp;1,&nbsp;2010. We depend on our revolving credit facility for working capital purposes and for the short-term funding of our development and acquisition activity and, in certain instances, the repayment of other debt upon maturity. Continuing ability to borrow under the revolving credit facility allows us to quickly capitalize on accretive opportunities at short-term interest rates. If our lenders default under their obligations under the revolving credit facility or we become unable to
borrow additional funds under the facility for any reason, we would be required to sell additional assets or seek alternative equity or debt capital, which could be more costly and adversely impact our financial condition. If such alternative capital were unavailable, we would not be able to make new investments and could have difficulty repaying other debt.</font></p>

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<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>34</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The interest rate under our revolving credit facility is LIBOR plus 80 basis points and the annual base facility fee is 20 basis points. The interest rate would increase to LIBOR plus 140 or 155 basis points if our credit rating were to fall below investment grade according to two of three credit rating agencies. Our revolving credit facility, term loan and revolving construction facilities are syndicated as follows (in thousands):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Name of Lender</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Total</font></b><br> <b><font size=1>Revolving</font></b><br> <b><font size=1>Credit</font></b><br> <b><font size=1>Commitment</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><b><font size=1>(1)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p
style='margin-left:0pt;text-indent:.6pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Revolving</font></b><br> <b><font size=1>Credit</font></b><br> <b><font size=1>Facility</font></b><br> <b><font size=1>Outstanding</font></b><br> <b><font size=1>at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><b><font size=1>Term Loan</font></b><br> <b><font size=1>Participation</font></b><br> <b><font size=1>at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><b><font size=1>(2)</font></b></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b><br> <b><font size=1>Construction</font></b><br> <b><font size=1>Loan</font></b><br> <b><font size=1>Commitment</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><b><font size=1>(3)</font></b></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><b><font size=1>Construction</font></b><br> <b><font size=1>Loan</font></b><br> <b><font size=1>Participation</font></b><br> <b><font size=1>at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Bank of America, N.A.</font>                                                                                                                                                                                                </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,111</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Branch Banking and Trust Co.</font>                                                                                                                                                    </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,111</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Wells Fargo/Wachovia Bank, N.A.</font>                                                                                                                          </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36,222</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>45,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Emigrant Bank</font>                                                                                                                                                                                                                                                     </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,678</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Eurohypo AG, New York Branch</font>                                                                                                                                </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,678</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>PNC Bank, N.A.</font>                                                                                                                                                                                                                                          </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,867</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,745</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Regions Bank</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,867</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,744</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Comerica Bank</font>                                                                                                                                                                                                                                                 </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,056</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RBC Bank</font>                                                                                                                                                                                                                                                                               </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,056</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Union Bank of California, N.A.</font>                                                                                                                                           </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,056</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,558</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>US Bank</font>                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,243</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,558</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>First Horizon Bank</font>                                                                                                                                                                                                                           </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,433</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,500</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Chevy Chase Bank</font>                                                                                                                                                                                                                          </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,000</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,622</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>450,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>163,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>137,500</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>70,000</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="63" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,605</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:25%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:4.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:4.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Our $450.0 million unsecured revolving credit facility is currently scheduled to mature on May&nbsp;1,&nbsp;2009. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and assuming no default exists at that time, the facility will be extended.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:4.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:4.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Our $137.5 million three-year term loan is currently scheduled to mature on February&nbsp;26,&nbsp;2011.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:4.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:4.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Our $70.0 million secured construction facility is currently scheduled to mature on December&nbsp;20,&nbsp;2010. Assuming no defaults have occurred, we have options to extend the maturity date for two successive one-year periods.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have $1.6 million of outstanding letters of credit as of December&nbsp;31,&nbsp;2008, which reduce the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility at December&nbsp;31,&nbsp;2008 was $285.4 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We regularly evaluate the financial condition of the lenders that participate in our credit facilities using publicly available information, particularly in light of the current dislocations in the credit markets. Based on this review, we currently expect our lenders, which are major financial institutions, to perform their obligations under our existing facilities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Covenant Compliance </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Operating Partnership has $400 million principal amount of 2017 bonds outstanding and $200 million principal amount of 2018 bonds outstanding. The indenture that governs these outstanding notes requires us to comply with customary operating covenants and various financial ratios, including a requirement that we maintain unencumbered assets of at least 200% of all outstanding unsecured debt. The trustee or the holders of at least 25% in principal amount of either series of bonds can accelerate the principal amount of such series upon written notice of a default that remains uncured after 60 days.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our revolving credit facility and our $137.5 million bank term loan due in February 2011 also require us to comply with customary operating covenants and various financial requirements, including a requirement that we maintain a ratio of total liabilities to total asset value of no more than 60%. For purposes of the revolving credit facility, total asset value depends upon the effective economic capitalization rate (after deducting capital expenditures) used to determine the value of our buildings. Depending upon general economic conditions, the lenders have the good faith right to unilaterally increase the capitalization rate by up to 25 basis points once each calendar year. Any such increase in capitalization rates, without a corresponding reduction in total liabilities, could </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>35</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>make it more difficult for us to maintain a ratio of total liabilities to total asset value of no more than 60%, which could have an adverse effect on our ability to borrow additional funds under the revolving credit facility. Upon an event of default, lenders having at least 66.7% of the total commitments under the revolving credit facility can accelerate all borrowings then outstanding and prohibit us from borrowing any further amounts under our revolving credit facility, which would adversely affect our ability to fund our operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are currently in compliance with all such covenants and requirements. Although we expect to remain in compliance with these covenants and ratios for at least the next year, depending upon our future operating performance, property and financing transactions and general economic conditions, we cannot assure you that we will continue to be in compliance. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We may not be able to repay, refinance or extend any or all of our debt at maturity or upon any acceleration. If any refinancing is done at higher interest rates, the increased interest expense could adversely affect our cash flow and ability to pay dividends. Any such refinancing could also impose tighter financial ratios and other covenants that restrict our ability to take actions that could otherwise be in our best interest, such as funding new development activity, making opportunistic acquisitions, repurchasing our securities or paying dividends.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Contractual Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth a summary regarding our known contractual obligations, including required interest payments for those items that are interest bearing, at December&nbsp;31,&nbsp;2008 ($&nbsp;in thousands):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="249" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amounts due during years ending December
31,</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2009</font></b></p> </td>

        <td width="9" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2010</font></b></p> </td>

        <td width="9" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2011</font></b></p> </td>

        <td width="9" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2012</font></b></p> </td>

        <td width="9" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2013</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Thereafter</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Mortgages and Notes Payable: </font></b></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:25.0pt;text-indent:-15.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Principal payments </font><b><font size=1>(1)</font></b>                                                                                </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>340,053 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,845 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>147,337 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>212,515</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>240,607</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>638,328 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:25.0pt;text-indent:-15.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Interest payments</font>                                                                                                           </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>474,874</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83,599</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,450</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>70,495</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,064</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48,016</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>142,250</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Financing Obligations:</font></b></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>SF-HIW Harborview Plaza, LP </font><br> <font size=2>financing obligation</font>                                                                            </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Tax increment financing bond</font>                            </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,418 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,044 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,116 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,193 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,277</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,365</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,423 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Capitalized ground lease </font><br> <font size=2>obligation</font>                                                                                                                                           </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,152</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,152</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Interest on financing obligations </font><b><font size=1>(2)</font></b>                                                                                                                                                                                           </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,882</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,172</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,101</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,027</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>947</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>862</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,773</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Capitalized Lease Obligations</font></b>                                                 </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>134 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>97 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Purchase Obligations:</font></b></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Completion contracts</font>                                                                    </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,459</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,459 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Operating Lease Obligations:</font></b></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Operating ground leases</font>                                                   </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48,469</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,142</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,125</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,145</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,165</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,186</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,706</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.5in'>

        <td width="249" valign=top style=' height:.5in'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Other Long Term Obligations </font></b><font size=2>(in </font><br> <font size=2>accounts payable, accrued </font><br> <font size=2>expenses and other liabilities)</font><b><font size=2>:</font></b></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' height:.5in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style=' height:.5in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Plaza Colonnade lease guarantee</font>             </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>RRHWoods, LLC and Dallas County</font><br> <font size=2>Partners lease guarantee</font>                                                    </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Industrial environmental </font><br> <font size=2>guarantee</font>                                                                                                                                             </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>DLF payable</font>                                                                                                                                        </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,490 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>546 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>556 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>567 </font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>578</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>243</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>KC Orlando, LLC lease guarantee</font>      </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>226 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>97 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>97 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>KC Orlando, LLC accrued lease </font><br> <font size=2>commissions, tenant improvements</font><br> <font size=2>and building improvements</font>                              </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>295 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>295 </font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>RRHWoods, LLC</font>                                                                                                          </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>303 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22 </font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>281 </font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top >
<p style='margin-left:20.0pt;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Other disposition related accrued </font><br> <font size=2>tenant improvements</font>                                                                      </p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="9" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="249" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font size=2>Total</font></b>                                                                                                                                                                                                          </p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.95pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,215,215</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>469,250</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>104,342</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>221,803</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>272,546</font></p> </td>

        <td width="9" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>292,279</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="9" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.55pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>854,995</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:25%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>36</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >


        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes amounts outstanding at December&nbsp;31,&nbsp;2008, under our $450.0 million unsecured revolving credit facility, which is currently scheduled to mature on May&nbsp;1,&nbsp;2009. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and
assuming no default exists at that time, the facility will be extended.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>This amount does not include interest on SF-HIW Harborview Plaza, LP financing obligation which cannot be reasonably estimated for future periods. The interest expense on this financing obligation was $1.6 million and $2.6 million in 2008 and 2007, respectively.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The interest payments due on mortgages and notes payable are based on the stated rates for the fixed rate debt and on the December&nbsp;31,&nbsp;2008 rates for the variable rate debt. The weighted average interest rate on the variable rate debt as of December&nbsp;31,&nbsp;2008 was 2.48%. For additional information about our mortgages and notes payable, see Note 5 to our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For additional information about our financing obligations, see Note 3 to our Consolidated Financial Statements. For additional information about purchase obligations, operating lease obligations and other long term obligations reflected in our Consolidated Balance Sheets, see Note 14 to our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Off Balance Sheet Arrangements</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have several off balance sheet joint venture and guarantee arrangements. The joint ventures were formed with unrelated investors to generate additional capital to fund property acquisitions, repay outstanding debt, fund other strategic initiatives and lessen the risks typically associated with owning 100.0% of a property. When we create a joint venture with a partner, we usually contribute cash or wholly owned assets to a newly formed entity in which we retain an equal or minority interest. For financial reporting purposes, certain assets we sold have been accounted for as financing arrangements. See Notes 1, 2 and 3 to our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As discussed in Note 1 to our Consolidated Financial Statements, we generally account for our investments in less than majority owned joint ventures, partnerships and limited liability companies under the equity method of accounting. As a result, the assets and liabilities of these joint ventures are not included on our balance sheet and the results of operations of these joint ventures are not included on our income statement, other than as equity in earnings of unconsolidated affiliates. Generally, we are not liable for the debts of our joint ventures, except to the extent of our equity investment, unless we have directly guaranteed any of that debt. In most cases, we and/or our joint venture partners are required to agree to customary limited exceptions to non-recourse liability in non-recourse loans.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, our unconsolidated joint ventures had $834.9 million of total assets and $649.7 million of total liabilities as reflected in their financial statements. At December&nbsp;31,&nbsp;2008, our weighted average equity interest based on the total assets of these unconsolidated joint ventures was 36.8%. During 2008, these unconsolidated joint ventures earned $11.1 million of total net income, of which our share, after appropriate purchase accounting and other adjustments, was $5.9 million. For additional information about our unconsolidated joint venture activity, see Note 2 to the Company&#146;s Consolidated Financial Statements. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, our unconsolidated joint ventures had $616.1 million of outstanding mortgage debt. All of this joint venture debt is non-recourse to us except (1) in the case of customary exceptions pertaining to such matters as misuse of funds, environmental conditions and material misrepresentations and (2) those guarantees and loans described in the following paragraphs. The following table sets forth the scheduled maturities of the Company&#146;s proportionate share of the outstanding debt of its unconsolidated joint ventures as of December&nbsp;31,&nbsp;2008 ($ in thousands):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,789</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,518</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,215</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,012</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,482</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>158,670</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>246,686</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:1.8pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=1>(1)</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>37</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="2%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>This amount includes $1.6 million related to the outstanding debt of a 261,000 square foot office property owned directly by the Company, and thus is included in the Company&#146;s Consolidated Financial Statements, but is not included in the Operating Partnership&#146;s Consolidated Financial Statements.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We guarantee $8.6 million of debt of a consolidated affiliate of the RRH Woods, LLC joint venture. This guarantee was entered into prior to the January&nbsp;1,&nbsp;2003 effective date of FIN 45 for initial recognition and measurement and therefore, no liability for the debt guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. Our maximum potential exposure under this guarantee was $8.6 million at December&nbsp;31,&nbsp;2008. Recourse provisions exist that would enable us to recover some or all of any such payments from the joint venture&#146;s assets. This guarantee is scheduled to expire in November 2015. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC joint venture, we guarantee $3.1 million relating to a letter of credit and a corresponding master lease. The guarantee requires us to pay under a contingent master lease if the cash flows from the building securing the letter of credit do not cover at least 50% of the minimum debt service. During 2008, 2007 and 2006, we made master lease payments of $0.1 million, $0.1 million and $39,000, respectively. As a result of this guarantee, we have recorded $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007. Our maximum potential exposure under this guarantee was $3.1 million at December&nbsp;31,&nbsp;2008. This guarantee is currently scheduled to expire in August 2010. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC joint venture, we guarantee $3.3 million of the joint venture&#146;s debt. Because the joint venture currently is expected to generate sufficient cash flow to cover the required debt service, no liability for this guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. In addition, we agreed to a master lease for 50% of the debt service should the joint venture not generate sufficient cash flow to cover the required debt service. As a result of this master lease, we have recorded $22,000 and $30,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this guarantee was $3.3 million at December&nbsp;31,&nbsp;2008. Recourse provisions
exist that would enable us to recover some or all of any such payments from the joint venture&#146;s assets. This guarantee is currently scheduled to expire in November 2009, but at the option of the joint venture may be extended to November 2011.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC and Dallas County Partners joint ventures, we agreed to master lease certain vacant space and guarantee $0.8 million of debt. No master lease payments were necessary in 2008 or 2007. Because the joint ventures currently are expected to generate sufficient cash flow to cover the required debt service, no liability for the debt guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. As a result of this master lease, we have recorded $58,000 and $68,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this master lease was $1.6 million at December&nbsp;31,&nbsp;2008. Our maximum potential exposure under the debt guarantee was $0.8
million at December&nbsp;31,&nbsp;2008. This guarantee is currently scheduled to expire in June 2014.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the Plaza Colonnade, LLC joint venture, we agreed to master lease 30,772 square feet through December 2009. As a result of this master lease, we have recorded $4,000 and $8,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this master lease was $0.4 million at December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On February&nbsp;22,&nbsp;2007, Weston Lakeside, LLC, an unconsolidated affiliate, sold 332 rental residential units to a third party for gross proceeds of $45.0 million and paid off all of its outstanding debt and various development related costs. The joint venture recorded a gain of $11.3 million in the first quarter of 2007 related to this sale and we recorded $5.0 million as our proportionate share through equity in earnings of unconsolidated affiliates. Our share of the gain was less than 50.0% due to our joint venture partner&#146;s preferred return as the developer. We received aggregate net distributions of $6.2 million. Weston Lakeside, LLC has been dissolved.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 22.81% interest in a joint venture (&#147;DLF I&#148;) with Schweiz-Deutschland-USA Dreilander Beteiligung Objekt DLF 98/29-Walker Fink-KG ("DLF"). We are the property manager and leasing agent of DLF I&#146;s properties and receive customary management and leasing fees. On March&nbsp;12,&nbsp;2007, DLF I sold five properties to a third party for gross proceeds of $34.2 million and recorded a gain of $9.3 million related to this sale. We recorded $2.1 million </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>38</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>as our proportionate share of this gain through equity in earnings of unconsolidated affiliates. On May&nbsp;21,&nbsp;2007, DLF I acquired Eola Park Centre, a 167,000 square foot office building in Orlando, Florida, for $39.3 million. In June 2007, the joint venture obtained a $27.7 million loan secured by Eola Park Centre. Simultaneously with DLF&nbsp;I&#146;s acquisition of Eola Park Centre, we separately acquired an adjacent parcel of development land for $2.0 million on a wholly-owned basis.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March 2008, we and an affiliate of DLF formed a new joint venture, Highwoods DLF Forum, LLC, in which we have a 25.0% ownership interest. On April&nbsp;3,&nbsp;2008, Highwoods DLF Forum, LLC acquired The Forum, which is a 635,000 square foot office park in Raleigh, North Carolina, for $113 million. We contributed $12.3 million to Highwoods DLF Forum, LLC and, simultaneously with the acquisition of The Forum, the joint venture obtained a $67.5 million secured loan. We are the property manager and leasing agent for the office park and receive customary management fees and leasing commissions. We account for this unconsolidated joint venture using the equity method of accounting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Financing Arrangements</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- SF-HIW Harborview Plaza, LP</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our joint venture partner in SF-HIW Harborview Plaza, LP (&#147;Harborview LP&#148;) has the right to put its 80.0% equity interest in Harborview LP to us in exchange for cash at any time during the one-year period commencing September&nbsp;11,&nbsp;2014. The value of the 80.0% equity interest will be determined at the time that our partner elects to exercise its put right, if ever, based upon the then fair market value of Harborview LP&#146;s assets and liabilities, less 3.0%, which amount was intended to cover the normal costs of a sale transaction. Because of the put option, this transaction is accounted for as a financing transaction as described in Note 1. Accordingly, the assets, liabilities and operations related to Harborview Plaza, the property owned by Harborview LP, including any new financing by the partnership, remain in our Consolidated Financial Statements. As a result, we
have established a financing obligation equal to the net equity contributed by the other partner. At the end of each reporting period, the balance of the financing obligation is adjusted to equal the greater of the original financing obligation or the current fair value of the put option discussed above. This financing obligation, net of payments made to our joint venture partner, is adjusted by a related valuation allowance account, which is being amortized prospectively through September 2014 as interest expense on financing obligation. The amount of the financing obligation together with the valuation allowance was $16.6 million at December&nbsp;31,&nbsp;2008. Additionally, the net income from the operations before depreciation of Harborview Plaza allocable to the 80.0% partner is recorded as interest expense on financing obligation. We continue to depreciate the property and record all of the depreciation on our books. Any payments made under the master lease agreement were
expensed as incurred ($70,000 and $0.1 million was expensed during the years ended December&nbsp;31,&nbsp;2007 and 2006, respectively) and any amounts paid under the tenant improvement and lease commission guarantee are capitalized and amortized to expense over the remaining lease term. At such time as the put option expires or is otherwise terminated, we will record the transaction as a sale and recognize gain on sale.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Eastshore</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the disposition in 2002 of three buildings located in Richmond, VA (the &#147;Eastshore&#148; transaction), we guaranteed any shortfalls that were incurred in the payment of rent and re-tenanting costs for a five-year period from the date of sale (through November 2007). Because the guarantees covered the entire space occupied by a single tenant under a triple-net lease arrangement, our guarantees were considered a guaranteed return on the buyer&#146;s investment for an extended period of time, and therefore, we accounted for the transaction originally as a financing arrangement. In July 2005, we recorded the transaction as a completed sale when the maximum exposure to loss under the guarantees became less than the related deferred gain. Gain of $3.6 million was recognized in 2006 and $3.3 million in gain was recognized in 2007 as the maximum exposure under the
guarantees was reduced. Payments made under rent guarantees after July 2005 were recorded as a reduction of the deferred gain.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Tax Increment Financing Bond</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with tax increment financing for construction of a public garage related to an office building, we are obligated to pay fixed special assessments over a 20-year period ending in 2019. The net present value of these assessments, discounted at 6.93% at the inception of the obligation, which represents the interest rate on the </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>39</font>
</A></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>underlying bond financing, is shown as a financing obligation in our Consolidated Balance Sheet. We also receive special tax revenues and property tax rebates recorded in interest and other income, which are intended, but not guaranteed, to provide funds to pay the special assessments.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In December&nbsp;2007, we acquired for $20.9 million the remaining outstanding bonds, at par value, that were issued by a municipal authority in connection with this tax increment financing. These available for-sale securities are carried at estimated fair value in prepaid and other assets with unrealized gains or losses reported in accumulated other comprehensive loss. The fair value of these bonds has been below carrying value for two quarters due to the current dislocations in the credit markets. We believe these bonds will recover in value in the future due to the quality of the underlying collateral.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Interest Rate Hedging Activities</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To meet, in part, our long-term liquidity requirements, we borrow funds at a combination of fixed and variable rates. Borrowings under our revolving credit facility bear interest at variable rates. Our long-term debt, which consists of secured and unsecured long-term financings and the issuance of unsecured debt securities, typically bears interest at fixed rates although some loans bear interest at variable rates. Our interest rate risk management objectives are to limit the impact of interest rate changes on earnings and cash flows and to lower our overall borrowing costs. To achieve these objectives, from time to time, we may enter into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate our interest rate risk with respect to various debt instruments. We do not hold or issue these derivative contracts for trading or speculative
purposes. The interest rate on all of our variable rate debt is adjusted at one and three month intervals, subject to settlements under these interest rate hedge contracts. We also enter into treasury lock agreements from time to time in order to limit our exposure to an increase in interest rates with respect to future debt offerings. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Prior to 2007, we entered into certain interest rate hedging arrangements which were designated as cash flow hedges. The effective portion of these arrangements, representing deferred interest expense, was $0.8 million and $0.9 million and is included in accumulated other comprehensive loss (&#147;AOCL&#148;) as of December&nbsp;31,&nbsp;2008 and 2007, respectively. This deferred expense will be recognized as an addition to interest expense in the same periods during which interest expense on the hedged financings affects net income. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, we entered into two floating-to-fixed interest rate swaps for a one-year period with respect to an aggregate of $50 million of borrowings outstanding under our revolving credit facility or other floating rate debt. These swaps fix the underlying LIBOR rate under which interest on such borrowings is based at 4.70%. These swaps were not designated as hedges. Accordingly, the swaps were accounted for as non-hedge derivatives as of December&nbsp;31,&nbsp;2007. An aggregate unrealized loss of $0.2 million was recognized during 2007 and an aggregate unrealized gain of $0.2 million was recognized in 2008 for these two swaps. These swaps matured in 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In January 2008, we entered into two floating-to-fixed interest rate swaps for a one-year period with respect to an aggregate of $50.0 million of borrowings outstanding under our revolving credit facility or other floating rate debt. These swaps fix the underlying LIBOR rate upon which interest on such borrowings is based at 3.26% for $30.0 million of borrowings and 3.24% for $20.0 million of borrowings. The counterparty under the $30.0 million swap was PNC Bank, N.A. and the counterparty under the $20.0 million swap was Bank of America, N.A. These swaps were designated as hedges and are being accounted for as cash flow hedges. These swaps matured in January 2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In April 2008, we entered into a floating-to-fixed interest rate swap for a two-year period with respect to an aggregate of $50.0 million of borrowings outstanding under our term loan or other floating rate debt. The swap fixes the underlying LIBOR rate upon which interest on such borrowings is based at 2.52%. The counterparty under this swap is Bank of America, N.A. The swap was designated as a hedge and is being accounted for as a cash flow hedge.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In October&nbsp;2008, we entered into a floating-to-fixed interest rate swap for a one-year period with respect to an aggregate of $25.0 million of borrowings outstanding under our term loan or other floating rate debt. The swap fixes the underlying LIBOR rate upon which interest on such borrowings is based at 2.35%. The counterparty under this swap is PNC Bank, N.A. The swap was designated as a hedge and is being accounted for as a cash flow hedge.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>40</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>CRITICAL</small> <small>ACCOUNTING</small> <small>ESTIMATES</small></b></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the reporting period. Actual results could differ from our estimates.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The policies and estimates used in the preparation of our Consolidated Financial Statements are described in Note 1 to our Consolidated Financial Statements for the year ended December&nbsp;31,&nbsp;2008. However, certain of our significant accounting policies contain an increased level of assumptions used or estimates made in determining their impact in our Consolidated Financial Statements. Management has reviewed our critical accounting policies and estimates with the audit committee of the Company&#146;s Board of Directors.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We consider our critical accounting estimates to be those used in the determination of the reported amounts and disclosure related to the following:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Real estate and related assets;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Impairment of long-lived assets;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Sales of real estate;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Discontinued operations;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Allowance for doubtful accounts; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Property operating expense recoveries.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Real Estate and Related Assets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Real estate and related assets are recorded at cost and stated at cost less accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance and repairs are charged to operating expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of 40 years for buildings and depreciable land infrastructure costs, 15 years for building improvements and five to seven years for furniture, fixtures and equipment. Tenant improvements are amortized using the straight-line method over initial fixed terms of the respective leases, which generally are from three to 10 years.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Expenditures directly related to the development and construction of real estate assets are included in net real estate assets and are stated at depreciated cost in our Consolidated Balance Sheets. Development expenditures include pre-construction costs essential to the development of properties, development and construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. Interest and other carrying costs are capitalized until the building is ready for its intended use. We consider a construction project as substantially completed and ready for its intended use upon the completion of tenant improvements. Interest and other carrying costs are capitalized until the building is ready for its intended use, but not later than one year from cessation of major construction activity. We cease capitalization on the
portion that is substantially completed and occupied or held available for occupancy, and capitalize only those costs associated with the portion under construction.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Expenditures directly related to the leasing of properties are included in deferred leasing costs and are stated at amortized cost in our Consolidated Balance Sheets. All leasing commissions paid to third parties for new leases or lease renewals are capitalized. Internal leasing costs include primarily compensation, benefits and other costs, such as legal fees related to leasing activities, which are incurred in connection with successfully securing leases of properties. Capitalized leasing costs are amortized on a straight-line basis over the initial fixed terms of the respective leases, which generally are from three to 10 years. Estimated costs related to unsuccessful activities are expensed as incurred. Changes in our estimates regarding the successful efforts of leasing could result in changes that impact earnings.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>41</font>
</A></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We record liabilities for the performance of asset retirement activities when the obligation to perform such activities is unconditional, whether or not the timing or method of settlement of the obligation may be conditional on a future event. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Upon the acquisition of real estate assets, we assess the fair value of acquired tangible assets such as land, buildings and tenant improvements, intangible assets such as above and below market leases, acquired in-place leases and other identified intangible assets and assumed liabilities. We allocate the purchase price to the acquired assets and assumed liabilities based on their relative fair values. We assess and consider fair value based on estimated cash flow projections that utilize appropriate discount and/or capitalization rates as well as available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Above and below market leases acquired are recorded in prepaid expenses and other assets or in accounts payable, accrued expenses and other liabilities at their fair value. Fair value is calculated as the present value of the difference between (1) the contractual amounts to be paid pursuant to each in-place lease and (2) our estimate of fair market lease rates for each corresponding in-place lease, using a discount rate that reflects the risks associated with the leases acquired and measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining term of the respective leases and the capitalized below-market lease values are amortized as an increase
to base rental revenue over the remaining term of the respective leases and any below market option periods. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In-place leases acquired are recorded at their fair value in net real estate assets and are amortized to depreciation and amortization expense over the remaining term of the respective lease. The value of in-place leases is based on our evaluation of the specific characteristics of each tenant&#146;s lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, current market conditions and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider tenant improvements, leasing commissions and legal and other related expenses. The value of in-place leases is amortized to depreciation and
amortization expense over the remaining term of the respective leases. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The value of a tenant relationship is based on our overall relationship with the respective tenant. Factors considered include the tenant&#146;s credit quality and expectations of lease renewals. The value of a tenant relationship is amortized to depreciation and amortization expense over the initial term and any renewal periods defined in the respective leases. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Real estate and other assets are classified as long-lived assets held for sale or as long-lived assets to be held for use. Real estate is classified as held for sale when we believe a sale is probable. We believe a sale is probable when we execute a legally enforceable contract on terms that have been approved by the Company&#146;s Board or a committee thereof and the probable buyer&#146;s due diligence investigation period, if any, has expired. This determination requires us to make estimates and assumptions, including assessing the probability that potential sales transactions may or may not occur. Actual results could differ from those assumptions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Impairment of Long-Lived Assets and Investments in Unconsolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>With respect to assets classified as held for use, if events or changes in circumstances, such as a significant decline in occupancy and change in use, indicate that the carrying value may be impaired, an impairment analysis is performed. Such analysis consists of determining whether the asset&#146;s carrying amount will be recovered from its undiscounted estimated future operating cash flows, including estimated residual cash flows. These cash flows are estimated based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates and costs to operate each property. If the carrying amount of a held for use asset exceeds the sum of its undiscounted future operating and residual cash flows, an impairment loss is recorded for the difference between estimated fair value of the
asset and the carrying amount. We generally estimate the fair value of assets held for use by using discounted cash flow analysis. In some instances, appraisal information may be available and is used in addition to the discounted cash flow analysis. As the factors used in generating these cash flows are difficult to predict and are subject to future events that may alter our assumptions, the discounted and/or undiscounted future operating and residual cash flows estimated by us in our </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>42</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>impairment analyses or those established by appraisal may not be achieved and we may be required to recognize future impairment losses on our properties held for sale and held for use.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We record assets held for sale at the lower of the carrying amount or estimated fair value. Fair value of assets held for sale is equal to the estimated or contracted sales price with a potential buyer, less costs to sell. The impairment loss is the amount by which the carrying amount exceeds the estimated fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>With respect to investments in unconsolidated affiliates, if events or changes in circumstances, such as a significant decline in occupancy, degradation of economic conditions or change in use, indicate that the carrying value may be impaired, an impairment analysis is performed. Such analysis consists of determining whether a loss in value of an investment which is other than a temporary decline should be recorded. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Sales of Real Estate </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For sales transactions meeting the requirements for full profit recognition, the related assets and liabilities are removed from the balance sheet and the resultant gain or loss is recorded in the period the transaction closes. For sales transactions with continuing involvement after the sale, if the continuing involvement with the property is limited by the terms of the sales contract, profit is recognized at the time of sale and is reduced by the maximum exposure to loss related to the nature of the continuing involvement. Sales to entities in which we have or receive an interest are accounted for using partial sale accounting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For transactions that do not meet the criteria for a sale, we evaluate the nature of the continuing involvement, including put and call provisions, if present, and account for the transaction as a financing arrangement, profit-sharing arrangement, leasing arrangement or other alternate method of accounting, rather than as a sale, based on the nature and extent of the continuing involvement. Some transactions may have numerous forms of continuing involvement. In those cases, we determine which method is most appropriate based on the substance of the transaction. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If we have an obligation to repurchase the property at a higher price or at a future indeterminable value (such as fair market value), or we guarantee the return of the buyer&#146;s investment or a return on that investment for an extended period, we account for such transaction as a financing arrangement. For transactions treated as financing arrangements, we record the amounts received from the buyer as a financing obligation and continue to keep the property and related accounts recorded in our Consolidated Financial Statements. The results of operations of the property, net of expenses other than depreciation (net operating income), are reflected as interest expense on the financing obligation. If the transaction includes an obligation or option to repurchase the asset at a higher price, additional interest is recorded to accrete the liability to the repurchase price. For options or
obligations to repurchase the asset at fair market value at the end of each reporting period, the balance of the liability is adjusted to equal the then current fair value to the extent fair value exceeds the original financing obligation. The corresponding debit or credit is recorded to a related discount account and the revised debt discount is amortized over the expected term until termination of the option or obligation. If it is unlikely such option will be exercised, the transaction is accounted for under the deposit method or profit-sharing method. If we have an obligation or option to repurchase at a lower price, the transaction is accounted for as a leasing arrangement. At such time as these repurchase obligations expire, a sale will be recorded and gain recognized. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If we retain an interest in the buyer and provide certain rent guarantees or other forms of support where the maximum exposure to loss exceeds the gain, we account for such transaction as a profit-sharing arrangement. For transactions treated as profit-sharing arrangements, we record a profit-sharing obligation for the amount of equity contributed by the other partner and continue to keep the property and related accounts recorded in our Consolidated Financial Statements. The results of operations of the property, net of expenses other than depreciation (net operating income), are allocated to the other partner for its percentage interest and reflected as &#147;co-venture expense&#148; in our Consolidated Financial Statements. In future periods, a sale is recorded and profit is recognized when the remaining maximum exposure to loss is reduced below the amount of gain deferred.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Discontinued Operations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Properties that are sold or classified as held for sale are classified as discontinued operations provided that (1) the operations and cash flows of the property will be eliminated from our ongoing operations and (2) we will not have any significant continuing involvement in the operations of the property after it is sold. Interest expense is included in discontinued operations if the related loan securing the sold property is paid off or assumed by the buyer </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>43</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>in connection with the sale. If the property is sold to a joint venture in which we retain an interest, the property will not be accounted for as a discontinued operation due to our significant ongoing interest in the operations through our joint venture interest. If we are retained to provide property management, leasing and/or other services for the property owner after the sale, the property generally will be accounted for as a discontinued operation because the expected cash flows related to our management and leasing activities will generally not be significant in comparison to the cash flows from the property prior to sale. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Allowance for Doubtful Accounts </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. Our total receivables balance related to our tenants is comprised primarily of rents and operating cost recoveries as well as accrued straight-line rents receivable. We regularly evaluate the adequacy of our allowance for doubtful accounts. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of our tenant, historical trends of the tenant and/or other debtor and changes in customer payment terms. Additionally, with respect to tenants in bankruptcy, we estimate the expected recovery through bankruptcy claims and increase the allowance for amounts deemed uncollectible. If our assumptions regarding the collectibility of accounts receivable and accrued straight-line rents receivable prove incorrect, we could experience
write-offs of accounts receivable or accrued straight-line rents receivable in excess of our allowance for doubtful accounts.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Property Operating Expense Recoveries</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Property operating cost recoveries from tenants (or cost reimbursements) are determined on a lease-by-lease basis. The most common types of cost reimbursements in our leases are common area maintenance (&#147;CAM&#148;) and real estate taxes, where the tenant pays its pro-rata share of operating and administrative expenses and real estate taxes.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The computation of property operating cost recovery income from tenants is complex and involves numerous judgments, including the interpretation of terms and other tenant lease provisions. Leases are not uniform in dealing with such cost reimbursements and there are many variations in the computation. Many tenants make monthly fixed payments of CAM, real estate taxes and other cost reimbursement items. We record these payments as income each month. We make accrual adjustments, positive or negative, to cost recovery income to adjust the recorded amounts to our best estimate of the final amounts to be billed and collected with respect to the cost reimbursements quarterly. After the end of the calendar year, we compute each tenant&#146;s final cost reimbursements and, after considering amounts paid by the tenants during the year, issue a bill or credit for the appropriate amount to the
tenant. The differences between the amounts billed less previously received payments and the accrual adjustment are recorded as increases or decreases to cost recovery income when the final bills are prepared, which occurs during the first half of the subsequent year. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>FUNDS</small> <small>FROM</small> <small>OPERATIONS</small> <small>("FFO")</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company believes that FFO and FFO per share are beneficial to management and investors and are important indicators of the performance of any equity REIT. Because FFO and FFO per share calculations exclude such factors as depreciation and amortization of real estate assets and gains or losses from sales of operating real estate assets (which can vary among owners of identical assets in similar conditions based on historical cost accounting and useful life estimates), they facilitate comparisons of operating performance between periods and between other REITs. Management believes that historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered the
presentation of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. As a result, management believes that the use of FFO and FFO per share, together with the required GAAP presentations, provide a more complete understanding of the Company&#146;s performance relative to its competitors and a more informed and appropriate basis on which to make decisions involving operating, financing and investing activities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>FFO and FFO per share as disclosed by other REITs may not be comparable to the Company&#146;s calculation of FFO and FFO per share as described below. However, you should be aware that FFO and FFO per share are non-GAAP financial measures and therefore do not represent net income or net income per share as defined by GAAP. Net income and net income per share as defined by GAAP are the most relevant measures in determining the Company&#146;s operating performance because FFO and FFO per share include adjustments that investors may deem </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>44</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>subjective, such as adding back expenses such as depreciation and amortization. Furthermore, FFO per share does not depict the amount that accrues directly to the stockholders&#146; benefit. Accordingly, FFO and FFO per share should never be considered as alternatives to net income or net income per share as indicators of the Company&#146;s operating performance.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company&#146;s calculation of FFO, which it believes is consistent with the calculation of FFO as defined by the National Association of Real Estate Investment Trusts (&#147;NAREIT&#148;) and which appropriately excludes the cost of capital improvements and related capitalized interest, is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="7%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Net income (loss) computed in accordance with GAAP;</font></p> </td> </tr></table>
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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Less dividends to holders of Preferred Stock and less excess of Preferred Stock redemption cost over carrying value;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Plus depreciation and amortization of assets uniquely significant to the real estate industry;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Less gains, or plus losses, from sales of depreciable operating properties (but excluding impairment losses) and excluding items that are classified as extraordinary items under GAAP;</font></p> </td> </tr></table>
</div>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Plus or minus adjustments for unconsolidated partnerships and joint ventures (to reflect funds from operations on the same basis); and</font></p> </td> </tr></table>
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        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Plus or minus adjustments for depreciation and amortization and gains/(losses) on sales and minority interest related to discontinued operations.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Further, in calculating FFO, the Company adds back minority interest in the income from the Operating Partnership, which the Company believes is consistent with standard industry practice for REITs that operate through an UPREIT structure. The Company believes that it is important to present FFO on an as-converted basis since all of the Common Units not owned by the Company are redeemable on a one-for-one basis for shares of its Common Stock.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Other REITs may not define FFO in accordance with the current NAREIT definition or may interpret the current NAREIT definition differently than we do.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>45</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company&#146;s FFO and FFO per share are summarized in the following table (in thousands, except per share amounts): </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="17" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amount</font></b></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Per</font></b><br> <b><font size=1>Share</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amount</font></b></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Per </font></b><br> <b><font size=1>Share</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amount</font></b></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Per</font></b><br> <b><font size=1>Share</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Funds from operations:</font></b></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,992</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90,745</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>53,744</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dividends to preferred stockholders</font>                                                                                                                                                                     </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of Preferred Stock redemption/repurchase cost over </font><br> <font size=2>carrying value</font>                                                                                                                                                                                                                                                                            </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income available for common stockholders</font>                                                                                             </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,080</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,983</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.31</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,878</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.62</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Add/(Deduct):</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization of real estate assets</font>                                            </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>124,822</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.98</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>117,836</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.91</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>107,897</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.76</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>(Gains) on disposition of depreciable properties</font>                                                           </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(126</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,952</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.06</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4,114</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.07</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest from the Operating Partnership in </font><br> <font size=2>income from operations</font>                                                                                                                                                                             </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>293</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,868</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,453</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Unconsolidated affiliates:</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization of real estate assets</font>          </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,751</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.20</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,438</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.22</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,191</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.18</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>(Gains) on disposition of depreciable properties</font>                         </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(7,158</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.12</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Discontinued operations:</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization of real estate assets</font>          </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>853</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.01</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,610</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.06</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,337</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.12</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>(Gains) on disposition of depreciable properties</font>                         </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(18,485</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.29</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(34,861</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.57</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(15,082</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.24</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest from the Operating Partnership</font><br> <font size=2>in income from discontinued operations</font>                                        </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,284</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,803</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,725</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Release of FASB FIN 48 tax liability</font>                                                                                              </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,473</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.02</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Funds from operations</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="49" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>143,472</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="37" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.27</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="49" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>168,094</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="37" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.73</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="49" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>145,285</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="37" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.37</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Weighted average shares outstanding </font><font size=1>(1)</font></b>                                                                                                                                              </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,238</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,547</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="37" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="49" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,362</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes assumed conversion of all potentially dilutive Common Stock equivalents. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>46</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC12"></A><font size=2>ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The effects of potential changes in interest rates are discussed below. Our market risk discussion includes &#147;forward-looking statements&#148; and represents an estimate of possible changes in fair value or future earnings that would occur assuming hypothetical future movements in interest rates. These disclosures are not precise indicators of expected future effects, but only indicators of reasonably possible effects. As a result, actual future results may differ materially from those presented. See &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations &#150; Liquidity and Capital Resources&#148; and the Notes to Consolidated Financial Statements for a description of our accounting policies and other information related to these financial instruments.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To meet in part our long-term liquidity requirements, we borrow funds at a combination of fixed and variable rates. Borrowings under our revolving credit facility bear interest at variable rates. Our long-term debt, which consists of secured and unsecured long-term financings and the issuance of unsecured debt securities, typically bears interest at fixed rates although some loans bear interest at variable rates. Our interest rate risk management objectives are to limit the impact of interest rate changes on earnings and cash flows and to lower our overall borrowing costs. To achieve these objectives, from time to time we enter into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate our interest rate risk with respect to various debt instruments. We generally do not hold or issue these derivative contracts for trading or speculative purposes. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we had $1,283.3 million of fixed rate debt outstanding. The estimated aggregate fair market value of this debt at December&nbsp;31,&nbsp;2008 was $1,016.3 million. If interest rates increase by 100 basis points, the aggregate fair market value of our fixed rate debt as of December&nbsp;31,&nbsp;2008 would decrease by approximately $34.1 million. If interest rates decrease by 100 basis points, the aggregate fair market value of our fixed rate debt as of December&nbsp;31,&nbsp;2008 would increase by approximately $35.9 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we had $196.4 million of variable rate debt outstanding that was not protected by interest rate swaps. If the weighted average interest rate on this variable rate debt is 100 basis points higher or lower during the 12 months ended December&nbsp;31,&nbsp;2008, our interest expense relating to this debt would be increased or decreased approximately $2.0 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we had floating-to-fixed interest rate swaps with respect to an aggregate of $125.0 million of borrowings outstanding under our revolving credit facility, term loan or other floating rate debt. The swaps fix the underlying LIBOR rate under which interest on such borrowings is based at a weighted average of 2.776% as of December&nbsp;31,&nbsp;2008. If LIBOR interest rates increase or decrease by 100 basis points, the aggregate fair market value of the swaps as of December&nbsp;31,&nbsp;2008 would increase by $0.9 million or decrease by $0.8 million, respectively. In January&nbsp;2009, two of our interest rate swaps with respect to an aggregate of $50.0 million of borrowings outstanding under our revolving credit facility or other floating rate debt matured.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In addition, we are exposed to certain losses in the event of nonperformance by the counterparties, which are PNC Bank, N.A. and Bank of America, N.A., under the swaps. We regularly evaluate the financial condition of our counterparties using publicly available information, particularly in light of the current dislocations in the credit market.  Based on this review, we currently expect the counterparties, which are major financial institutions, to perform fully under the swaps. However, if a counterparty defaults on its obligations under the swap, we could be required to pay the full rates on the applicable debt, even if such rates were in excess of the rate in the contract.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC13"></A><font size=2>ITEM 8. FINANCIAL STATEMENTS </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>See page 55 for Index to Consolidated Financial Statements of Highwoods Properties, Inc. and Highwoods Realty Limited Partnership. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC14"></A><font size=2>ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>None. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>47</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC15"></A><font size=2>ITEM 9A. CONTROLS AND PROCEDURES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>GENERAL</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The purpose of this section is to discuss our controls and procedures. The statements in this section represent the conclusions of Edward J. Fritsch, the Company&#146;s President and Chief Executive Officer, and Terry L. Stevens, the Company&#146;s Senior Vice President and Chief Financial Officer.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The CEO and CFO evaluations of our controls and procedures include a review of the controls&#146; objectives and design, the controls&#146; implementation by us and the effect of the controls on the information generated for use in this Annual Report. We seek to identify data errors, control problems or acts of fraud and confirm that appropriate corrective action, including process improvements, is undertaken. Our controls and procedures are also evaluated on an ongoing basis by or through the following:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>activities undertaken and reports issued by employees in our internal audit department;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>quarterly sub-certifications by representatives from appropriate business and accounting functions to support the CEO&#146;s and CFO&#146;s evaluations of our controls and procedures;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>other personnel in our finance and accounting organization;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>members of our internal disclosure committee; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>members of the audit committee of the Company&#146;s Board of Directors.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We do not expect that our controls and procedures will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of controls and procedures must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more
people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>MANAGEMENT'S</small> <small>ANNUAL</small> <small>REPORT</small> <small>ON</small> <small>INTERNAL</small> <small>CONTROL</small> <small>OVER</small> <small>FINANCIAL</small> <small>REPORTING</small></b></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are required to establish and maintain internal control over financial reporting designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. As defined in Rule 13a-15(f) under the Exchange Act, internal control over financial reporting includes those policies and procedures that: </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>pertain to the maintenance of records that in reasonable detail accurately and fairly reflect our transactions and dispositions of assets;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and directors; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Under the supervision of the Company&#146;s CEO and CFO, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of December&nbsp;31,&nbsp;2008 based on the criteria established in Internal </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>48</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Control &#151; Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have concluded that, as of December&nbsp;31,&nbsp;2008, our internal control over financial reporting was effective. Deloitte &amp; Touche LLP, our independent registered public accounting firm, has issued their attestation report, which is included below, on the effectiveness of the Company&#146;s internal control over financial reporting as of December&nbsp;31,&nbsp;2008. Pursuant to temporary SEC rules, we are not required to include in this Annual Report an attestation report of Deloitte &amp; Touche LLP on the effectiveness of the Operating Partnership&#146;s internal control over financial reporting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>49</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>REPORT</small> <small>OF</small> <small>INDEPENDENT</small> <small>REGISTERED</small> <small>PUBLIC</small> <small>ACCOUNTING</small> <small>FIRM</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>To the Board of Directors and Stockholders of</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Highwoods Properties, Inc. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have audited the internal control over financial reporting of Highwoods Properties, Inc. and subsidiaries (the "Company") as of December&nbsp;31,&nbsp;2008, based on criteria established in </font><i><font size=2>Internal Control &#151; Integrated Framework </font></i><font size=2>issued by the Committee of Sponsoring Organizations of the Treadway Commission.&nbsp; The Company's management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management&#146;s Annual Report on Internal Control over Financial Reporting.&nbsp; Our responsibility is to express an opinion on the Company's internal control over financial reporting based on our audit.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).&nbsp; Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.&nbsp; Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances.&nbsp; We believe that our audit provides a reasonable basis for our opinion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>A company's internal control over financial reporting is a process designed by, or under the supervision of, the company's principal executive and principal financial officers, or persons performing similar functions, and effected by the company's board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.&nbsp; A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis.&nbsp; Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December&nbsp;31,&nbsp;2008, based on the criteria established in </font><i><font size=2>Internal Control &#151; Integrated Framework </font></i><font size=2>issued by the Committee of Sponsoring Organizations of the Treadway Commission.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements and financial statement schedules as of and for the year ended December&nbsp;31,&nbsp;2008 of the Company and our report dated February&nbsp;27,&nbsp;2009 expressed an unqualified opinion on those financial statements and financial statement schedules.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>/s/ Deloitte &amp; Touche LLP</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>February 27, 2009</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>50</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>CHANGES</small> <small>IN</small> <small>INTERNAL</small> <small>CONTROL</small> <small>OVER</small> <small>FINANCIAL</small> <small>REPORTING</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>There were no changes in our internal control over financial reporting during the fourth quarter of 2008 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>DISCLOSURE</small> <small>CONTROLS</small> <small>AND</small> <small>PROCEDURES</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>SEC rules also require us to maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our annual and periodic reports filed with the SEC is recorded, processed, summarized and reported within the time periods specified in the SEC&#146;s rules and forms. As defined in Rule 13a-15(e) under the Exchange Act, disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us is accumulated and communicated to our management, including the Company&#146;s CEO and CFO, to allow timely decisions regarding required disclosure. The Company&#146;s CEO and CFO believe that our disclosure controls and procedures were effective at the end of the period covered by this Annual Report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC16"></A><font size=2>ITEM 9B. OTHER INFORMATION </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>None.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>51</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>PART III</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC17"></A><font size=2>ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company is the sole general partner of the Operating Partnership. Information about the Company&#146;s executive officers and directors and the code of ethics that applies to the Company&#146;s chief executive officer and senior financial officers, which is posted on our website, is incorporated herein by reference to the Company&#146;s Proxy Statement to be filed in connection with its annual meeting of stockholders to be held on May&nbsp;13,&nbsp;2009. See Item X in Part I of this Annual Report for biographical information regarding the Company&#146;s executive officers.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC18"></A><font size=2>ITEM 11. EXECUTIVE COMPENSATION</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Information about the compensation of the Company&#146;s directors and executive officers is incorporated herein by reference to the Company&#146;s Proxy Statement to be filed in connection with its annual meeting of stockholders to be held on May&nbsp;13,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC19"></A><font size=2>ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Information about the beneficial ownership of the Common Stock and the Company&#146;s equity compensation plans is incorporated herein by reference to the Company&#146;s Proxy Statement to be filed in connection with its annual meeting of stockholders to be held on May&nbsp;13,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC20"></A><font size=2>ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Information about certain relationships and related transactions and the independence of the Company&#146;s directors is incorporated herein by reference to the Company&#146;s Proxy Statement to be filed in connection with its annual meeting of stockholders to be held on May&nbsp;13,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC21"></A><font size=2>ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Information about fees paid to and services provided by our independent registered public accounting firms is incorporated herein by reference to the Company&#146;s Proxy Statement to be filed in connection with its annual meeting of stockholders to be held on May&nbsp;13,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>52</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>PART IV</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC22"></A><font size=2>ITEM 15. EXHIBITS </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>FINANCIAL</small> <small>STATEMENTS</small> </b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Reference is made to the Index of Financial Statements on page 55 for a list of the consolidated financial statements of Highwoods Properties, Inc. and Highwoods Realty Limited Partnership included in this report.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>EXHIBITS</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="14%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Exhibit</font></b><br> <u><b><font size=1>Number</font></b></u></p> </td>

        <td valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>3.1</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Charter of the Company (filed as part of the Company&#146;s Current Report on Form 8-K dated May&nbsp;15,&nbsp;2008)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>3.2</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Bylaws of the Company (filed as part of the Company&#146;s Current Report on Form 8-K dated May&nbsp;15,&nbsp;2008)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>4.1</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Indenture among the Operating Partnership, the Company and First Union National Bank of North Carolina dated as of December&nbsp;1,&nbsp;1996 (filed as part of the Operating Partnership&#146;s Current Report on Form 8-K dated December&nbsp;2,&nbsp;1996)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.1</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Second Restated Agreement of Limited Partnership, dated as of January&nbsp;1,&nbsp;2000, of the Operating Partnership (filed as part of the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,&nbsp;2004)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.2</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amendment No. 1, dated as of July&nbsp;22,&nbsp;2004, to the Second Restated Agreement of Limited Partnership, dated as of January&nbsp;1,&nbsp;2000, of the Operating Partnership (filed as part of the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,&nbsp;2004)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.3</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated 1994 Stock Option Plan (filed as part of the Company&#146;s Quarterly Report on Form 10-Q for the quarter ended June&nbsp;30,&nbsp;2002)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.4</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amendment to Amended and Restated 1994 Stock Option Plan</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.5</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Form of warrants to purchase Common Stock of the Company issued to former shareholders of Associated Capital Properties, Inc. (filed as part of the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31,&nbsp;1997)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.6</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amendment to Credit Agreement among the Operating Partnership, the Company, the Subsidiaries named therein and the Lender named therein, dated August&nbsp;8,&nbsp;2006 (filed as part of the Company&#146;s Current Report on Form 8-K dated August&nbsp;8,&nbsp;2006)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.7</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc. Retirement Plan, effective as of March&nbsp;1,&nbsp;2006 (filed as part of the Company&#146;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30,&nbsp;2007)</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.8</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Executive Supplemental Employment Agreement, dated as of April&nbsp;13,&nbsp;2007, between the Company and Edward J. Fritsch </font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.9</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Executive Supplemental Employment Agreement, dated as of April&nbsp;13,&nbsp;2007, between the Company and Michael E. Harris </font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.10</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Executive Supplemental Employment Agreement, dated as of April&nbsp;13,&nbsp;2007, between the Company and Terry L Stevens </font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.11</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Executive Supplemental Employment Agreement, dated as of April&nbsp;13,&nbsp;2007, between the Company and Gene H. Anderson </font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="85%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>10.12</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amended and Restated Executive Supplemental Employment Agreement, dated as of April&nbsp;13,&nbsp;2007, between the Company and Jeffrey D. Miller </font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>21</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Schedule of subsidiaries of the Company </font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>23.1</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Consent of Deloitte &amp; Touche LLP for Highwoods Properties, Inc.</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>23.2</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Consent of Deloitte &amp; Touche LLP for Highwoods Realty Limited Partnership</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.38%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>53</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:left;'><font size=1>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="14%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Exhibit</font></b><br> <u><b><font size=1>Number</font></b></u></p> </td>

        <td valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>31.1</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 302 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="85%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>31.2</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 302 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="85%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>31.3</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 302 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="85%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>31.4</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 302 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>32.1</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>32.2</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>32.3</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</font></p> </td> </tr>
    <tr style='height:.05in'>

        <td width="14%" valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style=' height:.05in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td width="14%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>32.4</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>54</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC1">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC23"></A><font SIZE=2>INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>

    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><small>HIGHWOODS PROPERTIES, INC.</small></b>                                                                                                                                                                                                                                                                                                               </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc24">Report of Independent Registered Public Accounting Firm</a></font>                                                                                                                                                                                                                                                                                                               </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Consolidated Financial Statements:</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc25">Consolidated Balance Sheets as of December&nbsp;31,&nbsp;2008 and 2007</a></font>                                                                            </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc26">Consolidated Statements of Income for the Years Ended December&nbsp;31,&nbsp;2008, 2007 and 2006</a></font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc27">Consolidated Statement of Stockholders&#146; Equity for the Years Ended December&nbsp;31,&nbsp;2008, </a></font><br> <font size=2>2007 and 2006</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc28">Consolidated Statements of Cash Flows for the Years Ended December&nbsp;31,&nbsp;2008, 2007 and 2006</a></font>                                                                                                                                                                                                                                                </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc29">Notes to Consolidated Financial Statements</a></font>                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


   <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><small>HIGHWOODS REALTY LIMITED PARTNERSHIP</small></b>                                                                                                                                                                                                                                                                                                               </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc30">Report of Independent Registered Public Accounting Firm</a></font>                                                                                                                                                                                                                                                                                                               </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>109</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Consolidated Financial Statements:</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc31">Consolidated Balance Sheets as of December&nbsp;31,&nbsp;2008 and 2007</a></font>                                                                            </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc32">Consolidated Statements of Income for the Years Ended December&nbsp;31,&nbsp;2008, 2007 and 2006</a></font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>111</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc33">Consolidated Statement of Stockholders&#146; Equity for the Years Ended December&nbsp;31,&nbsp;2008, </a></font><br> <font size=2>2007 and 2006</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>112</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc34">Consolidated Statements of Cash Flows for the Years Ended December&nbsp;31,&nbsp;2008, 2007 and 2006</a></font>                                                                                                                                                                                                                                                </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2><a href="#toc35">Notes to Consolidated Financial Statements</a></font>                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

   <tr >
        <td valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><a href="#toc36"><small>SCHEDULE II</small></a></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>161</font></p> </td>
        <td width="18" valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


   <tr >
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><a href="#toc37"><small>SCHEDULE III</small></a></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>163</font></p> </td>
        <td width="18" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u></p>

<p style=' margin-bottom:0pt; margin-top:6pt; text-indent:3.85%;text-align:justify;'><font size=2>All other schedules are omitted because they are not applicable or because the required information is included in the Consolidated Financial Statements or notes thereto. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>55</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC24"></A><font SIZE=2>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>To the Board of Directors and Stockholders of</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods Properties, Inc.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have audited the accompanying consolidated balance sheets of Highwoods Properties, Inc. and subsidiaries (the "Company") as of December 31, 2008 and 2007, and the related consolidated statements of income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2008. Our audits also included the financial statement schedules listed in the Index at Item 15. These financial statements and financial statement schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on the financial statements and financial statement schedules based on our audits.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.&nbsp; An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Highwoods Properties, Inc. and subsidiaries as of December&nbsp;31,&nbsp;2008 and 2007, and the results of their operations and their cash flows for each of the three years in the period ended December&nbsp;31,&nbsp;2008, in conformity with accounting principles generally accepted in the United States of America.&nbsp; Also, in our opinion, such financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company's internal control over financial reporting as of December&nbsp;31,&nbsp;2008, based on the criteria established in </font><i><font size=2>Internal Control&#151;Integrated Framework</font></i><font size=2> issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February&nbsp;27,&nbsp;2009 expressed an unqualified opinion on the Company's internal control over financial reporting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>/s/ Deloitte &amp; Touche LLP</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>February 27, 2009</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>56</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC25"></A><font size=2>Consolidated Balance Sheets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands, except share and per share data)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Real estate assets, at cost:</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Land</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>352,872</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>357,841</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Buildings and tenant improvements</font>                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,819,844</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,708,989</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Development in process</font>                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,938</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>101,661</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Land held for development</font>                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>98,946</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>103,365</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,333,600</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,271,856</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:60.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Less-accumulated depreciation</font>                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(714,224</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(649,765</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:80.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Net real estate assets</font>                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,619,376</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,622,091</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>For-sale residential condominiums</font>                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24,284</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Real estate and other assets, net, held for sale</font>                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,242</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,466</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash and cash equivalents</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,757</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,140</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,258</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accounts receivable, net of allowance of $1,281 and $935, respectively</font>                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,687</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,521</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Notes receivable, net of allowance of $459 and $68, respectively</font>                                                                                                                   </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,602</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,226</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accrued straight-line rents receivable, net of allowance of $2,082 and $440, </font><br> <font size=2>respectively</font>                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>79,979</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,427</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Investment in unconsolidated affiliates</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>67,723</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58,046</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred financing and leasing costs, net of accumulated amortization of $52,586 </font><br> <font size=2>and $48,360, respectively</font>                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>73,216</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>72,188</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Prepaid expenses and other assets</font>                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,046</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,954</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:100.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Assets</font>                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,946,170</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,926,955</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liabilities, Minority Interest and Stockholders' Equity:</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accounts payable, accrued expenses and other liabilities</font>                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135,609</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>157,766</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:80.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total Liabilities</font>                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,774,468</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,834,824</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Commitments and Contingencies (see Note 14)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest in the Operating Partnership</font>                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65,635</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,294</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest in consolidated affiliates</font>                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,176</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,804</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Stockholders' Equity:</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Preferred Stock, $.01 par value, 50,000,000 authorized shares;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:60.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.625% Series A Cumulative Redeemable Preferred Shares (liquidation </font><br> <font size=2>preference $1,000 per share), 29,092 and 82,937 shares issued and </font><br> <font size=2>outstanding at December&nbsp;31,&nbsp;2008 and 2007, respectively</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,092</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>82,937</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.000% Series B Cumulative Redeemable Preferred Shares (liquidation </font><br> <font size=2>preference $25 per share), 2,100,000 shares issued and outstanding</font><br> <font size=2>at both December&nbsp;31,&nbsp;2008 and 2007</font>                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,500</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,500</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Common stock, $.01 par value, 200,000,000 authorized shares; </font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>63,571,705 and 57,167,193 shares issued and outstanding at </font><br> <font size=2>December&nbsp;31,&nbsp;2008 and 2007, respectively</font>                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>636</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>572</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Additional paid-in capital</font>                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,661,736</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,448,055</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions in excess of net earnings</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(639,281</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(561,093</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Accumulated other comprehensive loss</font>                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4,792</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(938</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Stockholders' Equity</font>                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,099,891</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,022,033</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:120.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Liabilities, Minority Interest and Stockholders' Equity</font>                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,946,170</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,926,955</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>57</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC26"></A><font size=2>Consolidated Statements of Income</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands, except per share amounts)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Operating expenses: </font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental property and other expenses</font>                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>165,733</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>153,407</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146,642</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>126,767</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>120,254</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,984</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Impairment of assets held for use</font>                                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,846</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>789</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>General and administrative</font>                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,043</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,570</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,309</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total operating expenses</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>363,389</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>316,020</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>294,935</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Interest expense: </font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Contractual</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92,858</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>93,992</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,229</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Amortization of deferred financing costs</font>                                                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,716</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,415</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,375</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,918</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,930</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,162</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>98,492</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,337</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,766</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Other income/(expense): </font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest and other income</font>                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,832</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,393</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,973</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Settlement of tenant bankruptcy claim</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,581</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Loss on debt extinguishments</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(494</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,832</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,393</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,060</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income before disposition of property and condominiums, insurance gain,</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>minority interest and equity in earnings of unconsolidated affiliates</font></b>                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,954</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,482</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,663</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net gains on disposition of property</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>781</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,562</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,157</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gains on for-sale residential condominiums</font>                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,617</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gain from property insurance settlement</font>                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,128</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest</font>                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,334</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,547</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,058</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Equity in earnings of unconsolidated affiliates</font>                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,878</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,110</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,841</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income from continuing operations</font></b>                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,896</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,735</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,603</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Discontinued operations:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations, net of minority interest</font>                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,773</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,525</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,283</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net gains on sales of discontinued operations, net of minority interest</font>         </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,323</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,012</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,858</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Release of tax liability</font>                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,473</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,096</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,010</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,141</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,992</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90,745</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>53,744</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dividends on preferred stock</font>                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of preferred stock redemption/repurchase cost over carrying value</font>                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Net income available for common stockholders</font></b>                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,080</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,983</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,878</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common share - basic:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.29</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                  </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.33</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.67</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.35</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.33</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Weighted average common shares outstanding - basic</font>                                                                                                                                               </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58,803</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,444</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,489</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common share - diluted:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.28</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                  </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.32</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.31</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.62</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Weighted average common shares outstanding - diluted</font>                                                                                                                                    </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,238</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,547</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,362</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Dividends declared per common share</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>58</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC27"></A><font size=2>Consolidated Statements of Stockholders&#146; Equity</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands, except share amounts)</font></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>For the Years Ended December 31, 2008, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=center>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of </font></b><br> <b><font size=1>Common </font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Common </font></b><br> <b><font size=1>Stock</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Series A </font></b><br> <b><font size=1>Preferred</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Series B </font></b><br> <b><font size=1>Preferred</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Additional </font></b><br> <b><font size=1>Paid-In </font></b><br> <b><font size=1>Capital</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Deferred </font></b><br> <b><font size=1>Compen- </font></b><br> <b><font size=1>sation</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accum-</font></b><br> <b><font size=1>ulated </font></b><br> <b><font size=1>Other </font></b><br> <b><font size=1>Compre- </font></b><br> <b><font size=1>hensive </font></b><br> <b><font size=1>Loss</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Distri-</font></b><br> <b><font size=1>butions </font></b><br> <b><font size=1>in Excess </font></b><br> <b><font size=1>of Net </font></b><br> <b><font size=1>Earnings</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Balance at December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2005</font></b>      </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>54,028,507</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="44" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>540</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="52" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>104,945</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="52" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>142,500</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,419,683 </font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="52" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,936</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,212</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(479,901</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,181,619</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Reversal of unvested deferred compensation as</font><br> <font size=1>a result of the adoption of SFAS No. 123(R)</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,936</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,936</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Issuances of Common Stock</font>                                                                                                 </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,975,628</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>21</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>42,784</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>42,805</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Conversions of warrants to shares</font>                                                                       </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>83,941</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Common Stock dividends</font>                                                                                                                 </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(93,075</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(93,075</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Preferred Stock dividends</font>                                                                                                                    </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(17,063</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(17,063</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Adjustments to minority interest in the Operating </font><br> <font size=1>Partnership</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(14,726</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(14,726</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Issuances of restricted stock, net</font>                                                                               </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>123,072</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Redemptions/repurchases of Preferred Stock</font>             </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(50,000</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,803</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,803</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>)</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(50,000</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Amortization of restricted stock and stock </font><br> <font size=1>options</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,729</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,730</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Comprehensive income:</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.3in;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Net income</font>                                                                                                                                                                             </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>53,744</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>53,744</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.3in;text-indent:-10.5pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Other comprehensive income</font>                                                                             </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>697</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>697</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total comprehensive income</font>                                                                                                 </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>54,441</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Balance at December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2006</font></b>                                          </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>56,211,148</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>562</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>104,945</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>92,500</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,449,337</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,515</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(538,098</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,107,731</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Cumulative effect adjustment resulting from the </font><br> <font size=1>adoption of FASB Interpretation No. 48</font>      </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,424</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,424</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Issuances of Common Stock</font>                       </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>692,281</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,060</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,067</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Conversions of Common Units to Common </font><br> <font size=1>Stock</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>55,836</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,165</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,166</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Common Stock dividends</font>                                                                                                                 </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(96,554</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(96,554</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Preferred Stock dividends</font>                                                                                                                    </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(13,477</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(13,477</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Adjustments to minority interest in the Operating </font><br> <font size=1>Partnership</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(17,573</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(17,573</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Issuances of restricted stock, net</font>                                                                               </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>207,928</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Redemptions/repurchases of Preferred Stock</font>             </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(22,008</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(40,000</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,037</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,285</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(62,256</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Amortization of restricted stock and stock </font><br> <font size=1>options</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,029</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,031</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Comprehensive income:</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.3in;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Net income</font>                                                                                                                                                                             </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>90,745</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>90,745</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.3in;text-indent:-10.5pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Other comprehensive income</font>                                                                             </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>577</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>577</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total comprehensive income</font>                                                                                                 </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>91,322</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Balance at December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2007</font></b>                                          </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>57,167,193</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>572</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>82,937</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>52,500</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,448,055</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(938</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(561,093</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,022,033</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Issuances of Common Stock</font>                       </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,171,621</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>62</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>209,922</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>209,984</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Conversions of Common Units to Common </font><br> <font size=1>Stock</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>66,814</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,021</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,022</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Common Stock dividends</font>                                                                                                                 </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100,268</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100,268</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Preferred Stock dividends</font>                                                                                                                    </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(9,804</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(9,804</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Adjustments to minority interest in the Operating </font><br> <font size=1>Partnership</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(6,432</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(6,432</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Issuances of restricted stock, net</font>                                                                               </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>166,077</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Redemptions/repurchases of Preferred Stock</font>             </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(53,845</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,454</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(108</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(52,499</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Amortization of restricted stock and stock </font><br> <font size=1>options</font></p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,716</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,717</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Comprehensive income:</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.3in;text-indent:-10.5pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Net income</font>                                                                                                                                                                             </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>31,992</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>31,992</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.3in;text-indent:-10.5pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Other comprehensive income/(loss) </font>                                          </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>(3,854</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,854</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total comprehensive income</font>                                                                                                 </p> </td>

        <td width="6" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,138</font></p> </td>

        <td width="6" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:10.5pt;text-indent:-10.5pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=1>Balance at December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2008</font></b>                                          </p> </td>

        <td width="6" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>63,571,705</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="44" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>636</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="52" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>29,092</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="52" valign=top style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>52,500</font></p> </td>

        <td width="6" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,661,736</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="52" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>-</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(4,792</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(639,281</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,099,891</font></p> </td>

        <td width="6" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-3.85%;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>59</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC28"></A><font size=2>Consolidated Statements of Cash Flows</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:11.5pt'>

        <td valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr
style='height:11.5pt'>

        <td valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=top style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>

        <td valign=top style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Operating activities:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net income</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>31,992</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>90,745</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>53,744</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Adjustments to reconcile net income to net cash provided by operating activities:</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Depreciation</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>112,299</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>109,546</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>103,775</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of lease commissions</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,321</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>14,318</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>14,546</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of lease incentives</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,041</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>962</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>828</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of restricted stock and stock options</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,717</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,031</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,730</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of deferred financing costs</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,716</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,415</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,375</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of accumulated other comprehensive loss</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>181</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>577</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>697</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Impairment of assets held for use</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,846</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>789</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,600</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Loss on debt extinguishments</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>494</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net gains on disposition of property</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(19,266</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(55,039</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(31,239</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Gains on disposition of for-sale residential condominiums</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(5,617</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Gain from property insurance settlement</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(4,128</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Minority interest</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,618</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,350</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,783</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Equity in earnings of unconsolidated affiliates</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(5,878</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(13,110</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(6,841</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Release of tax liability</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,424</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Changes in financing obligations</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>80</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>454</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,191</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions of earnings from unconsolidated affiliates</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,994</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,462</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,748</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Changes in operating assets and liabilities:</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Accounts receivable</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,876</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>481</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,805</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Prepaid expenses and other assets</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(352</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,152</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,626</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Accrued straight-line rents receivable</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(5,963</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(7,418</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(8,592</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Accounts payable, accrued expenses and other liabilities</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(16,031</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,804</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,493</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Net cash provided by operating activities</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>157,822</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>161,663</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>145,525</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>

        <td valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Investing activities:</font></b></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='height:10.1pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Additions to real estate assets and deferred leasing costs</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(231,422</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(287,491</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(222,030</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Proceeds from disposition of property</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>64,858</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>144,646</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>260,221</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Proceeds from property insurance settlement</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,940</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Proceeds from for-sale residential condominiums</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>27,140</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions of capital from unconsolidated affiliates</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,214</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>19,258</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,888</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net repayments of notes receivable</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,624</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,918</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,361</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Contributions to unconsolidated affiliates</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(12,741</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(4,716</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Cash assumed upon consolidation of unconsolidated affiliate</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>645</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Changes in restricted cash and other investing activities</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,984</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(30,259</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,749</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Net cash (used in)/provided by investing activities</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(134,343</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(150,704</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>64,734</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>

        <td valign=top style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Financing activities:</font></b></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions on Common Stock and Common Units</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(106,957</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(103,718</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(101,783</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Redemptions/repurchases of Preferred Stock</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(52,499</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(62,256</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(50,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Dividends on Preferred Stock</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(9,804</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(13,477</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(17,063</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions to minority partners in consolidated affiliates</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,293</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,404</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(737</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net proceeds from the sale of Common Stock</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>209,984</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,067</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>42,805</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Repurchases of Common Units</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,293</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(27,468</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(26,482</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Borrowings on revolving credit facility</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>462,183</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>399,800</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>662,000</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Payments on revolving credit facility</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(526,983</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(545,500</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(479,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Borrowings on mortgages and notes payable</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>192,300</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>424,431</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>68,625</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Repayments of mortgages and notes payable</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(173,259</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(101,970</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(289,188</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Payments on financing obligations</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(977</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(913</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(863</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Contributions from minority interest partner</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>625</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,651</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>760</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Additions to deferred financing costs</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(889</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,752</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,855</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Net cash used in financing activities</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(12,862</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(24,509</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(194,781</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net increase/(decrease) in cash and cash equivalents</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,617</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(13,550</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,478</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Cash and cash equivalents at beginning of the period</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,140</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>16,690</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,212</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>Cash and cash equivalents at end of the period</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,757</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,140</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>16,690</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>60</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>Consolidated Statements of Cash Flows - Continued</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Supplemental disclosure of cash flow information:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr
style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; height:11.5pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; height:11.5pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><font size=2>Cash paid for interest, net of amounts capitalized (excludes cash distributions to owners of sold </font><br> <font size=2>properties accounted for as financings of $1,579, $2,148 and $1,614 </font><br> <font size=2>for 2008, 2007 and 2006, respectively)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>97,518</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>88,867</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>96,284</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr>

        <td width="499" ></td>

        <td width="12" ></td>

        <td width="12" ></td>

        <td width="56" ></td>

        <td width="12" ></td>

        <td width="12" ></td>

        <td width="54" ></td>

        <td width="12" ></td>

        <td width="12" ></td>

        <td width="56" ></td>

        <td width="12" ></td> </tr> </table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Supplemental disclosure of non-cash investing and financing activities: </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr
style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Assets:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Net real estate assets</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,251</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,852</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,865</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Accounts receivable</font>                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>102</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Notes receivable</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Accrued straight-line rents receivable</font>                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>962</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Investment in unconsolidated affiliates</font>                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,938</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Deferred leasing costs, net</font>                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>287</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Prepaid expenses and other</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,621</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,630</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,400</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Liabilities:</font></b></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,349</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,076</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Accounts payable, accrued expenses and other liabilities</font>                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,992</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,652</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Financing obligation</font>                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,048</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,341</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,472</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font size=2>Minority Interest and Stockholders&#146; Equity</font></b>                                                                                                                            </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,289</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,928</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>61</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC29"></A><font SIZE=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Description of Business </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Highwoods Properties, Inc., together with its consolidated subsidiaries (the &#147;Company&#148;), is a fully-integrated, self-administered and self-managed equity real estate investment trust (&#147;REIT&#148;) that operates in the southeastern and midwestern United States. The Company conducts virtually all of its activities through Highwoods Realty Limited Partnership (the &#147;Operating Partnership&#148;). </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company is the sole general partner of the Operating Partnership. At December&nbsp;31,&nbsp;2008, the Company owned all of the preferred partnership interests (&#147;Preferred Units&#148;) and 63.6 million, or 94.0%, of the common partnership interests (&#147;Common Units&#148;) in the Operating Partnership. Limited partners (including certain officers and directors of the Company) own the remaining 4.1 Common Units. Generally, the Operating Partnership is required to redeem each Common Unit at the request of the holder thereof for cash equal to the value of one share of the Company&#146;s Common Stock, $.01 par value (the &#147;Common Stock&#148;), based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company at its option may elect to acquire any such Common Units presented for redemption for cash
or one share of Common Stock. The Common Units owned by the Company are not redeemable. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2008, the Company redeemed 106,613 Common Units for $3.3 million in cash, redeemed 66,814 Common Units for a like number of shares of Common Stock, contributed $195.0 million from the sale of Common Stock to the Operating Partnership in exchange for 5.5 million additional Common Units and caused the issuance by the Operating Partnership of 183,587 Common Units as part of the consideration to acquire a 135,000 square foot office building in Memphis, TN. The net impact of the above activity increased the percentage of Common Units owned by the Company from 93.3% at December&nbsp;31,&nbsp;2007 to 94.0% at December&nbsp;31,&nbsp;2008. In&nbsp;2007, the Company redeemed 620,361 Common Units for $27.5 million in cash and redeemed 55,836 Common Units for a like number of shares of Common Stock, which increased the percentage of Common Units owned by the Company from 92.2% at
December&nbsp;31,&nbsp;2006 to 93.3% at December&nbsp;31,&nbsp;2007. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, the Company and/or the Operating Partnership wholly owned: 311 in-service office, industrial and retail properties; 96 rental residential units; 580 acres of undeveloped land suitable for future development, of which 490 acres are considered core holdings; and an additional eight office and industrial properties under development and 74 for-sale condominiums. In addition, we owned interests (50.0% or less) in 72 in-service office and industrial properties and 418 rental residential units, which includes a 12.5% interest in a 261,000 square foot office property directly owned by the Company and thus is included in the Company&#146;s Consolidated Financial Statements, but not included in the Operating Partnership&#146;s Consolidated Financial Statements. Five of the 50.0% or less owned in-service office properties are consolidated as more fully described
below and in Notes 2 and 3 to our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Basis of Presentation </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Consolidated Financial Statements are prepared in conformity with accounting principles</font><font size=1> </font><font size=2>generally accepted in the United States of America</font><font size=1> </font><font size=2>(&#147;GAAP&#148;).</font><font size=1> </font><font size=2>As more fully described below and in Notes 4 and 11,</font><font size=1> </font><font size=2>the</font><font size=1> </font><font size=2>Consolidated Balance Sheet at December&nbsp;31,&nbsp;2007 and the Consolidated Statements of Income for the years ended December&nbsp;31,&nbsp;2007 and 2006 were reclassified from previously reported amounts to reflect in real estate and other assets, net, held for sale and in discontinued operations the assets and operations for those properties sold or held for sale in 2008 which qualified for discontinued operations presentation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>62</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those subsidiaries in which we own a majority voting interest with the ability to control operations of the subsidiaries and where no substantive participating rights or substantive kick out rights have been granted to the minority interest holders. We consolidate partnerships, joint ventures and limited liability companies when we control the major operating and financial policies of the entity through majority ownership or in our capacity as general partner or managing member. In addition, we consolidate those entities, if any, where we are deemed to be the primary beneficiary in a variable interest entity. All significant intercompany transactions and accounts have been eliminated.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Use of Estimates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Real Estate and Related Assets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Real estate and related assets are recorded at cost and stated at cost less accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance and repairs are charged to operating expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of 40 years for buildings and depreciable land infrastructure costs, 15 years for building improvements and five to seven years for furniture, fixtures and equipment. Tenant improvements are amortized using the straight-line method over initial fixed terms of the respective leases, which generally are from three to 10 years.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Expenditures directly related to the development and construction of real estate assets are included in net real estate assets and are stated at depreciated cost in our Consolidated Balance Sheets. Development expenditures include pre-construction costs essential to the development of properties, development and construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. Interest and other carrying costs are capitalized until the building is ready for its intended use. We consider a construction project as substantially completed and ready for its intended use upon the completion of tenant improvements. Interest and other carrying costs are capitalized until the building is ready for its intended use, but not later than one year from cessation of major construction activity. We cease capitalization on the
portion that is substantially completed and occupied or held available for occupancy, and capitalize only those costs associated with the portion under construction.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Expenditures directly related to the leasing of properties are included in deferred leasing costs and are stated at amortized cost in our Consolidated Balance Sheets. All leasing commissions paid to third parties for new leases or lease renewals are capitalized. Internal leasing costs include primarily compensation, benefits and other costs, such as legal fees related to leasing activities, which are incurred in connection with successfully securing leases of properties. Capitalized leasing costs are amortized on a straight-line basis over the initial fixed terms of the respective leases, which generally are from three to 10 years. At December&nbsp;31,&nbsp;2008 and 2007, gross deferred leasing costs were $111.1 million and $106.4 million, respectively, and accumulated amortization was $44.8 million and $43.0 million, respectively. Estimated costs related to unsuccessful activities are
expensed as incurred. Changes in our estimates regarding the successful efforts of leasing could result in changes that impact earnings.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>63</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We record liabilities for the performance of asset retirement activities when the obligation to perform such activities is unconditional, whether or not the timing or method of settlement of the obligation may be conditional on a future event. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Upon the acquisition of real estate assets, we assess the fair value of acquired tangible assets such as land, buildings and tenant improvements, intangible assets such as above and below market leases, acquired in-place leases and other identified intangible assets and assumed liabilities. We allocate the purchase price to the acquired assets and assumed liabilities based on their relative fair values. We assess and consider fair value based on estimated cash flow projections that utilize appropriate discount and/or capitalization rates as well as available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Above and below market leases acquired are recorded in prepaid expenses and other assets or in accounts payable, accrued expenses and other liabilities at their fair value. Fair value is calculated as the present value of the difference between (1) the contractual amounts to be paid pursuant to each in-place lease and (2) our estimate of fair market lease rates for each corresponding in-place lease, using a discount rate that reflects the risks associated with the leases acquired and measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining term of the respective leases and the capitalized below-market lease values are amortized as an increase
to base rental revenue over the remaining term of the respective leases and any below market option periods. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In-place leases acquired are recorded at their fair value in net real estate assets and are amortized to depreciation and amortization expense over the remaining term of the respective lease. The value of in-place leases is based on our evaluation of the specific characteristics of each tenant&#146;s lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, current market conditions and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider tenant improvements, leasing commissions and legal and other related expenses. The value of in-place leases is amortized to depreciation and
amortization expense over the remaining term of the respective leases. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The value of a tenant relationship is based on our overall relationship with the respective tenant. Factors considered include the tenant&#146;s credit quality and expectations of lease renewals. The value of a tenant relationship is amortized to depreciation and amortization expense over the initial term and any renewal periods defined in the respective leases. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Real estate and other assets are classified as long-lived assets held for sale or as long-lived assets to be held for use. Real estate is classified as held for sale when we believe a sale is probable. We believe a sale is probable when we execute a legally enforceable contract on terms that have been approved by the Company&#146;s Board or a committee thereof and the probable buyer&#146;s due diligence investigation period, if any, has expired. This determination requires us to make estimates and assumptions, including assessing the probability that potential sales transactions may or may not occur. Actual results could differ from those assumptions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>64</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Impairment of Long-Lived Assets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>With respect to assets classified as held for use, if events or changes in circumstances, such as a significant decline in occupancy and change in use, indicate that the carrying value may be impaired, an impairment analysis is performed. Such analysis consists of determining whether the asset&#146;s carrying amount will be recovered from its undiscounted estimated future operating cash flows, including estimated residual cash flows. These cash flows are estimated based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates and costs to operate each property. If the carrying amount of a held for use asset exceeds the sum of its undiscounted future operating and residual cash flows, an impairment loss is recorded for the difference between estimated fair value of the
asset and the carrying amount. We generally estimate the fair value of assets held for use by using discounted cash flow analysis. In some instances, appraisal information may be available and is used in addition to the discounted cash flow analysis. As the factors used in generating these cash flows are difficult to predict and are subject to future events that may alter our assumptions, the discounted and/or undiscounted future operating and residual cash flows estimated by us in our impairment analyses or those established by appraisal may not be achieved and we may be required to recognize future impairment losses on our properties held for sale and held for use.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We record assets held for sale at the lower of the carrying amount or estimated fair value. Fair value of assets held for sale is equal to the estimated or contracted sales price with a potential buyer, less costs to sell. The impairment loss is the amount by which the carrying amount exceeds the estimated fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>With respect to investments in unconsolidated affiliates, if events or changes in circumstances, such as a significant decline in occupancy, degradation of economic conditions or change in use, indicate that the carrying value may be impaired, an impairment analysis is performed. Such analysis consists of determining whether a loss in value of an investment which is other than a temporary decline should be recorded. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Sales of Real Estate</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For sales transactions meeting the requirements for full profit recognition, the related assets and liabilities are removed from the balance sheet and the resultant gain or loss is recorded in the period the transaction closes. For sales transactions with continuing involvement after the sale, if the continuing involvement with the property is limited by the terms of the sales contract, profit is recognized at the time of sale and is reduced by the maximum exposure to loss related to the nature of the continuing involvement. Sales to entities in which we have or receive an interest are accounted for using partial sale accounting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For transactions that do not meet the criteria for a sale, we evaluate the nature of the continuing involvement, including put and call provisions, if present, and account for the transaction as a financing arrangement, profit-sharing arrangement, leasing arrangement or other alternate method of accounting, rather than as a sale, based on the nature and extent of the continuing involvement. Some transactions may have numerous forms of continuing involvement. In those cases, we determine which method is most appropriate based on the substance of the transaction. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>65</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If we have an obligation to repurchase the property at a higher price or at a future indeterminable value (such as fair market value), or we guarantee the return of the buyer&#146;s investment or a return on that investment for an extended period, we account for such transaction as a financing arrangement. For transactions treated as financing arrangements, we record the amounts received from the buyer as a financing obligation and continue to keep the property and related accounts recorded in our Consolidated Financial Statements. The results of operations of the property, net of expenses other than depreciation (net operating income), are reflected as interest expense on the financing obligation. If the transaction includes an obligation or option to repurchase the asset at a higher price, additional interest is recorded to accrete the liability to the repurchase price. For options or
obligations to repurchase the asset at fair market value at the end of each reporting period, the balance of the liability is adjusted to equal the then current fair value to the extent fair value exceeds the original financing obligation. The corresponding debit or credit is recorded to a related discount account and the revised debt discount is amortized over the expected term until termination of the option or obligation. If it is unlikely such option will be exercised, the transaction is accounted for under the deposit method or profit-sharing method. If we have an obligation or option to repurchase at a lower price, the transaction is accounted for as a leasing arrangement. At such time as these repurchase obligations expire, a sale will be recorded and gain recognized. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If we retain an interest in the buyer and provide certain rent guarantees or other forms of support where the maximum exposure to loss exceeds the gain, we account for such transaction as a profit-sharing arrangement. For transactions treated as profit-sharing arrangements, we record a profit-sharing obligation for the amount of equity contributed by the other partner and continue to keep the property and related accounts recorded in our Consolidated Financial Statements. The results of operations of the property, net of expenses other than depreciation (net operating income), are allocated to the other partner for its percentage interest and reflected as &#147;co-venture expense&#148; in our Consolidated Financial Statements. In future periods, a sale is recorded and profit is recognized when the remaining maximum exposure to loss is reduced below the amount of gain deferred.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Lease Incentives</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Lease incentive costs, which are payments made to or on behalf of a tenant as an incentive to sign the lease, are capitalized in deferred leasing costs and amortized on a straight-line basis over the respective lease terms as a reduction of rental revenues.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Discontinued Operations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Properties that are sold or classified as held for sale are classified as discontinued operations provided that (1) the operations and cash flows of the property will be eliminated from our ongoing operations and (2) we will not have any significant continuing involvement in the operations of the property after it is sold. Interest expense is included in discontinued operations if the related loan securing the sold property is paid off or assumed by the buyer in connection with the sale. If the property is sold to a joint venture in which we retain an interest, the property will not be accounted for as a discontinued operation due to our significant ongoing interest in the operations through our joint venture interest. If we are retained to provide property management, leasing and/or other services for the property owner after the sale, the property generally will be accounted for as a
discontinued operation because the expected cash flows related to our management and leasing activities will generally not be significant in comparison to the cash flows from the property prior to sale.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>66</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Minority Interest </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Minority interest in the Operating Partnership in the accompanying Consolidated Financial Statements relates to the ownership by various individuals and entities other than the Company of Common Units in the Operating Partnership. As of December&nbsp;31,&nbsp;2008, minority interest in the Operating Partnership consisted of approximately 4.1 million Common Units, which had an aggregate market value of $111.3 million based on the $27.36 per share closing price of the Common Stock as of such date. Minority interest expense is computed by applying the weighted average percentage of Common Units not owned by the Company during the period (as a percent of the total number of outstanding Common Units) to the Operating Partnership&#146;s net income after deducting distributions on Preferred Units. The result is the amount of minority interest expense recorded for the period. In addition, when a
minority unitholder redeems a Common Unit for a share of Common Stock or cash, the minority interest in the Operating Partnership is reduced and the Company&#146;s share in the Operating Partnership is increased. At the end of each reporting period, the Company determines the amount that represents the minority unitholders&#146; share of the book value of the net assets of the Operating Partnership and compares this amount to the minority interest in the Operating Partnership balance that resulted from transactions during the period involving minority interest. The Company adjusts the minority interest in the Operating Partnership to the computed share of net assets with an offsetting adjustment to the Company&#146;s additional paid in capital.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Minority interest in consolidated affiliates relates to our respective joint venture partners&#146; 50.0% interest in Highwoods-Markel Associates, LLC (&#147;Markel&#148;), 7.0% interest in Real Estate Exchange Services (&#147;REES&#148;), which was effectively dissolved in July 2008, and estimated 25.0% economic interest in Plaza Residential, LLC. Each of our joint venture partners is an unrelated third party. We consolidate Markel since we are the general partner and control the major operating and financial policies of the partnership. We consolidate REES and Plaza Residential since we own the majority interest in and effectively control each joint venture.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The organizational documents of Markel require the entity to be liquidated through the sale of its assets upon reaching December&nbsp;31,&nbsp;2100. As controlling partner, we have an obligation to cause this property-owning entity to distribute proceeds of liquidation to the minority interest partner in these partially owned properties only if the net proceeds received by the entity from the sale of our assets warrant a distribution as determined by the agreement. We estimate the value of minority interest distributions would have been approximately $15.3 million had the entity been liquidated as of December&nbsp;31,&nbsp;2008. This estimated settlement value is based on estimated third party consideration realizable by the entity upon a hypothetical disposition of the properties and is net of all other assets and liabilities. The actual amount of any distributions to the minority
interest holder in this entity is difficult to predict due to many factors, including the inherent uncertainty of real estate sales. If the entity&#146;s underlying assets are worth less than the underlying liabilities on the date of such liquidation, we would have no obligation to remit any consideration to the minority interest holder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Investments in Unconsolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We account for our investments in less than majority owned joint ventures, partnerships and limited liability companies under the equity method of accounting when our interests represent a general partnership interest but substantive participating rights or substantive kick out rights have been granted to the limited partners or when our interests do not represent a general partnership interest and we do not control the major operating and financial policies of the entity. These investments are initially recorded at cost, as investments in unconsolidated affiliates, and are subsequently adjusted for our share of earnings and cash contributions and distributions. To the extent our cost basis at formation of the joint venture is different than the basis reflected at the joint venture level, the basis difference is amortized over the life of the related asset and included in our share of
equity in earnings of unconsolidated affiliates.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>67</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>From time to time, we contribute real estate assets to a joint venture in exchange for a combination of cash and an equity interest in the venture. We assess whether we have continuing involvement in the joint venture and account for the transaction according to the nature and extent of such involvement. If substantially all the risks and rewards of ownership have transferred and there are no other activities which would represent continuing involvement with the property, a gain is recognized to the extent of the third party investor&#146;s interest and we account for our interest in the joint venture under the equity method of accounting as an unconsolidated affiliate as described in the preceding paragraph. If substantially all the risks and rewards of ownership of the property have not transferred or there are activities which would represent continuing involvement with the property,
the transaction is accounted for as a financing or profit-sharing arrangement, leasing arrangement or other alternate method of accounting other than as a sale. See also &#147;Sales of Real Estate&#148; above.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Additionally, the joint ventures will frequently borrow funds on their own behalf to finance the acquisition of, and/or leverage the return upon, the properties being acquired by the joint ventures or to build or acquire additional buildings. Such borrowings are typically on a non-recourse or limited recourse basis. We generally are not liable for the debts of our joint ventures, except to the extent of our equity investment, unless we have directly guaranteed any of that debt (see Note 14 for further discussion). In most cases, we and/or our joint venture partners are required to agree to customary limited exceptions on non-recourse loans.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Rental and Other Revenues</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental revenue is recognized on a straight-line basis over the terms of the respective leases. This means that, with respect to a particular lease, actual amounts billed in accordance with the lease during any given period may be higher or lower than the amount of rental revenue recognized for the period. Straight-line rental revenue is commenced when the tenant assumes possession of the leased premises. Accrued straight-line rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Termination fees are recognized as revenue when the following four conditions are met: a fully executed lease termination agreement has been delivered; the tenant has vacated the space; the amount of the fee is determinable; and collectibility of the fee is reasonably assured.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Property operating cost recoveries from tenants (or cost reimbursements) are determined on a lease-by-lease basis. The most common types of cost reimbursements in our leases are common area maintenance (&#147;CAM&#148;) and real estate taxes, where the tenant pays its pro-rata share of operating and administrative expenses and real estate taxes.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The computation of property operating cost recovery income from tenants is complex and involves numerous judgments, including the interpretation of terms and other tenant lease provisions. Leases are not uniform in dealing with such cost reimbursements and there are many variations in the computation. Many tenants make monthly fixed payments of CAM, real estate taxes and other cost reimbursement items. We record these payments as income each month. We make accrual adjustments, positive or negative, to cost recovery income to adjust the recorded amounts to our best estimate of the final amounts to be billed and collected with respect to the cost reimbursements quarterly. After the end of the calendar year, we compute each tenant&#146;s final cost reimbursements and, after considering amounts paid by the tenants during the year, issue a bill or credit for the appropriate amount to the
tenant. The differences between the amounts billed less previously received payments and the accrual adjustment are recorded as increases or decreases to cost recovery income when the final bills are prepared, which occurs during the first half of the subsequent year. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>68</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Allowance for Doubtful Accounts</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. Our total receivables balance related to our tenants is comprised primarily of rents and operating cost recoveries as well as accrued straight-line rents receivable. We regularly evaluate the adequacy of our allowance for doubtful accounts. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of the tenant, historical trends of the tenant and/or other debtor and changes in customer payment terms. Additionally, with respect to tenants in bankruptcy, we estimate the expected recovery through bankruptcy claims and increase the allowance for amounts deemed uncollectible. If our assumptions regarding the collectibility of accounts receivable and accrued straight-line rents receivable prove incorrect, we could experience
write-offs of accounts receivable or accrued straight-line rents receivable in excess of our allowance for doubtful accounts.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Cash Equivalents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We consider highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Restricted Cash</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Restricted cash represents cash deposits that are legally restricted or held by third parties on our behalf. They include security deposits from sales contracts on for-sale residential condominiums, construction-related escrows, property disposition proceeds set aside and designated or intended to fund future tax-deferred exchanges of qualifying real estate investments, escrows and reserves for debt service, real estate taxes and property insurance established pursuant to certain mortgage financing arrangements, and deposits given to lenders to unencumber secured properties.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Income Taxes</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have elected and expect to continue to qualify as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). A corporate REIT is a legal entity that holds real estate assets and, through the payment of dividends to stockholders, is generally permitted to reduce or avoid the payment of federal and state income taxes at the corporate level. To maintain qualification as a REIT, we are required to pay dividends to our stockholders equal to at least 90.0% of our annual REIT taxable income, excluding capital gains. Under temporary IRS regulations, for 2009, distributions can be paid partially using a REIT&#146;s freely tradable stock so long as stockholders have the option of receiving at least 10% of the total distribution in cash.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The minimum dividend per share of Common Stock required for us to maintain our REIT status (excluding any net capital gains) was $0.76 per share in 2008 and $0.54 per share in 2007. Continued qualification as a REIT depends on our ability to satisfy the dividend distribution tests, stock ownership requirements and various other qualification tests prescribed in the Code. We conduct certain business activities through a taxable REIT subsidiary, as permitted under the Code. The taxable REIT subsidiary is subject to federal and state income taxes on its taxable income. We record provisions for income taxes based on its income recognized for financial statement purposes, including the effects of temporary differences between such income and the amount recognized for tax purposes. Additionally, beginning January&nbsp;1,&nbsp;2007, we began to recognize and measure the effects of uncertain tax positions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The tax basis of our assets (net of accumulated tax depreciation and amortization) and liabilities was approximately $2.4 billion and $1.7 billion, respectively, at December&nbsp;31,&nbsp;2008 and was approximately $2.3 billion and $1.8 billion, respectively, at December&nbsp;31,&nbsp;2007.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>69</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Concentration of Credit Risk</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We perform ongoing credit evaluations of our tenants. As of December&nbsp;31,&nbsp;2008, the properties (excluding rental residential units) to which we directly or indirectly hold title and have all of the ownership rights (the &#147;Wholly Owned Properties&#148;) were leased to 1,825 tenants in nine primary geographic locations. The geographic locations that comprise greater than 10% of our annualized cash rental revenue are North Carolina, Georgia, Tennessee, Florida and Missouri. Our tenants engage in a wide variety of businesses. No single tenant of the Wholly Owned Properties generated more than 7.5% of our consolidated revenues during 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Derivative Financial Instruments</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our interest rate risk management objectives are to limit the impact of interest rate changes on earnings and cash flows and to lower overall borrowing costs. To achieve these objectives, from time to time we may enter into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate interest rate risk with respect to various debt instruments. We generally do not hold these derivatives for trading or speculative purposes. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We recognize all derivatives on the balance sheet at fair value. On the date that we enter into a derivative contract, we designate the derivative as (1) a hedge of the variability of cash flows that are to be received or paid in connection with a recognized liability (a &#147;cash flow&#148; hedge), (2) a hedge of changes in the fair value of an asset or a liability attributable to a particular risk (a &#147;fair value&#148; hedge) or (3) an instrument that is held as a non-hedge derivative. Changes in the fair value of highly effective cash flow hedges, to the extent that the hedges are effective, are recorded in Accumulated Other Comprehensive Loss (&#147;AOCL&#148;), until earnings are affected by the hedged transaction (i.e., until periodic settlements of a variable-rate liability are recorded in earnings). Any hedge ineffectiveness (which represents the amount by which the changes
in the fair value of the derivative exceed the variability in the cash flows of the transaction) is recorded in current-period earnings. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in current-period earnings. Changes in the fair value of non-hedging instruments are reported in current-period earnings.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To determine the fair value of derivative instruments, we use a variety of methods and assumptions that are based on market conditions and risks existing at each balance sheet date. For the majority of financial instruments, including most derivatives, standard market conventions and techniques such as discounted cash flow analysis, option pricing models, replacement cost and termination cost are used to determine fair value. All methods of assessing fair value result in an approximation of value, and such value may never be realized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We formally document all relationships between hedging instruments and hedged items as well as our risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives that are designated as cash flow hedges to (1) specific assets and liabilities on the balance sheet or (2) forecasted transactions. We also assess and document, both at the hedging instrument&#146;s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows associated with the hedged items. When we determine that a derivative is not (or has ceased to be) highly effective as a hedge, we discontinue hedge accounting prospectively. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are exposed to certain losses in the event of nonperformance by the counterparty under any outstanding hedge contracts. We expect the counter parties, which are major financial institutions, to perform fully under any such contracts. However, if any counterparty were to default on its obligation under an interest rate hedge contract, we could be required to pay the full rates on our debt, even if such rates were in excess of the rate in the contract. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>70</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Earnings Per Share</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Basic earnings per share is computed by dividing net income available for common stockholders by the weighted average number of shares of Common Stock outstanding. Diluted earnings per share is computed by dividing net income available for common stockholders plus minority interest in the Operating Partnership by the weighted average number of shares of Common Stock plus the dilutive effect of options, warrants and convertible securities outstanding, including Common Units, using the treasury stock method. Earnings per share data is required for all periods for which an income statement or summary of earnings is presented, including summaries outside the basic financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Recently Issued Accounting Standards</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In December 2007, the FASB issued SFAS No. 141(R), &#147;Business Combinations&#148; (&#147;SFAS No. 141(R)&#148;), which addresses principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree. SFAS No. 141(R) becomes effective for us on January&nbsp;1,&nbsp;2009. SFAS No. 141(R) will reduce the capitalizable costs for any qualifying acquisitions subsequent to January&nbsp;1,&nbsp;2009. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In December 2007, the FASB issued SFAS No. 160, &#147;Noncontrolling Interests in Consolidated Financial Statements &#150; an amendment of ARB No. 51&#148; (&#147;SFAS No. 160&#148;), which establishes accounting and presentation standards for a noncontrolling interest in a subsidiary and amends certain of ARB No. 51&#146;s consolidation procedures for consistency with other business combination standards. SFAS No. 160 becomes effective for us on January&nbsp;1,&nbsp;2009. SFAS No. 160 will affect the presentation of minority interest in our Consolidated Balance Sheets, Statements of Income and Statements of Stockholders&#146; Equity for all periods presented subsequent to January&nbsp;1,&nbsp;2009. Additionally, we are currently evaluating the impact SFAS No. 160 may have on redemptions of Common Units.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On January&nbsp;1,&nbsp;2008, we adopted SFAS No. 157 for our financial assets and liabilities. Our adoption of SFAS No. 157 did not impact our financial position, results of operations or liquidity. In accordance with FASB Staff Position No. FAS 157-2, &#147;Effective Date of FASB Statement No. 157&#148; (&#147;FSP FAS 157-2&#148;), we elected to defer until January&nbsp;1,&nbsp;2009 the adoption of SFAS No. 157 for all nonfinancial assets and nonfinancial liabilities that are not recognized or disclosed at fair value in the financial statements on a recurring basis. The adoption of SFAS No. 157 for those assets and liabilities within the scope of FSP FAS 157-2 is not expected to have a material impact on our financial position, results of operations or liquidity.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March 2008, the FASB issued SFAS No. 161, &#147;Disclosures about Derivative Instruments and Hedging Activities&#148; (&#147;SFAS No. 161&#148;), which amends and expands the disclosure requirements of SFAS No. 133, &#147;Accounting for Derivative Instruments and Hedging Activities.&#148; This statement is effective for financial statements issued for fiscal years and interim periods beginning after November&nbsp;15,&nbsp;2008, with early application encouraged. SFAS No. 161 becomes effective for us on January&nbsp;1,&nbsp;2009. We will expand our disclosures related to our derivative instruments and hedging activities beginning in the first quarter of 2009 as a result of SFAS No. 161.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In June 2008, the FASB issued FSP EITF Issue No. 03-6-1,&nbsp;&#147;Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities&#148; (&#147;FSP EITF No. 03-6-1&#148;). FSP EITF No. 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share under the two-class method as described in SFAS No.&nbsp;128, &#147;Earnings per Share.&#148; FSP EITF No. 03-6-1 becomes effective for us on January&nbsp;1,&nbsp;2009. We will include our unvested restricted stock in our calculation of basic and diluted earnings per share beginning in the first quarter of 2009 as a result of FSP EITF No. 03-6-1, which we believe will immaterially dilute our common stockholders.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>71</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In September 2008, the FASB issued FSP SFAS No. 133-1 and FIN 45-4, &#147;Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161&#148; (&#147;FSP SFAS No. 133-1 and FIN 45-4&#148;). This FSP is effective for financial statements issued for fiscal years and interim periods beginning after November&nbsp;15,&nbsp;2008, with early application encouraged. We will expand our disclosures related to our derivative instruments and guarantees within the scope of FIN 45 beginning in the first quarter of 2009 as a result of FSP SFAS No. 133-1 and FIN 45-4.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In November 2008, the FASB ratified EITF Issue No. 08-6 &#147;Equity Method Investment Accounting Considerations&#148; (&#147;EITF No. 08-6&#148;), which addresses determination of the initial carrying value of an equity method investment and subsequent determination of impairment among other issues This EITF is effective for financial statements issued for fiscal years and interim periods beginning after December&nbsp;15,&nbsp;2008, with early application prohibited. We will apply the provisions of this EITF to our equity method investments beginning in the first quarter of 2009, which we do not believe will have a material effect on our financial position.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Unconsolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have retained equity interests ranging from 12.5% to 50.0% in various joint ventures with unrelated investors. We account for these unconsolidated affiliates using the equity method of accounting. As a result, the assets and liabilities of these joint ventures for which we use the equity method of accounting are not included in our Consolidated Balance Sheets. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Investments in unconsolidated affiliates consisted of the following as of December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Joint Venture</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Location of Properties</font></b></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Ownership</font></b><br> <b><font size=1>Interest</font></b></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="23" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Board of Trade Investment Company</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49.00</font></p> </td>

        <td width="22" style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kessinger/Hunter, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.50</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>4600 Madison Associates, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12.50</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Plaza Colonnade, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dallas County Partners I, LP</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dallas County Partners II, LP</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dallas County Partners III, LP</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Fountain Three</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods DLF 98/29, LLC</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA; Charlotte, NC; Greensboro, NC; </font><br> <font size=2>Raleigh, NC; Orlando, FL; Baltimore, MD</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><br> <font size=2>22.81</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods DLF 97/26 DLF 99/32, LP</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA; Greensboro, NC; Orlando, FL</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42.93</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods KC Glenridge Office, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods KC Glenridge Land, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>HIW-KC Orlando, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Orlando, FL</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Concourse Center Associates, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Greensboro, NC</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods DLF Forum, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Raleigh, NC</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>72</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Combined summarized financial information for our unconsolidated affiliates is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance Sheets:</font></b></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets:</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Real estate assets, net of accumulated depreciation</font>                                                                                                                                                                                                               </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>719,245</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>626,844</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>All other assets</font>                                                                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,688</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>111,317</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Assets</font>                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>834,933</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>738,161</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liabilities and Partners&#146; or Shareholders&#146; Equity:</font></b></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>616,145</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>558,757</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>All other liabilities</font>                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,546</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,225</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Partners&#146; or shareholders&#146; equity</font>                                                                                                                                                                                </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>185,242</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>147,179</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Liabilities and Partners&#146; or Shareholders&#146; Equity</font>           </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>834,933</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>738,161</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Our share of historical partners&#146; or shareholders&#146; equity</font>                                                                                                   </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,592</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,383</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Net excess of cost of investments over the net book value of underlying net assets, net of </font><br> <font size=2>accumulated depreciation </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,452</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,856</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Carrying value of investments in unconsolidated affiliates </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                  </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,044</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47,239</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Our share of unconsolidated non-recourse mortgage debt </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                        </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>246,686</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>233,920</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:6pt;text-align:justify;'><font size=2>(1)&nbsp;&nbsp;Our share of principal payments, including amortization, due on mortgages and notes payable as of December&nbsp;31,&nbsp;2008 is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,789</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,518</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,215</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,012</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,482</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>158,670</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>246,686</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:6pt; margin-left:3.85%;text-align:justify;'><font size=2>We generally are not liable for any of this debt, except to the extent of our investment, unless we have directly guaranteed any of the debt (see Note 14 to our Consolidated Financial Statements). In most cases, we and/or our strategic partners are required to agree to customary limited exceptions on non-recourse loans.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level, which is typically depreciated over the life of the related asset. In addition, certain acquisition, transaction and other costs may not be reflected in net assets at the joint venture level.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>During the third quarter of 2006, three of our Des Moines joint ventures made cash distributions aggregating $17.0 million in connection with a debt refinancing. We received 50.0% of such distributions. As a result of these distributions, our investment account in these joint ventures became negative. Although the new debt is non-recourse, we and our partner have guaranteed other debt and have contractual obligations to support the joint ventures, as discussed in Note 14. We recorded the distributions as a reduction of the
investment account and included the resulting negative investment balances of $11.7 million and $10.8 million in accounts payable, accrued expenses and other liabilities in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>73</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income Statements:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>161,593</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>143,594</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>139,511</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Expenses: </font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Operating expenses</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>79,647</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,194</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60,638</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization</font>                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,702</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,896</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,007</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest expense</font>                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36,117</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,259</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,768</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Loss on debt extinguishment</font>                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,448</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total expenses</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>150,466</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>127,349</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>124,861</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income before disposition of properties</font></b>                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,127</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,245</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,650</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Gains on disposition of properties</font>                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,621</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Net income</font></b>                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,127</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36,866</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,650</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Our share of:</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income </font><b><font size=1>(1)</font></b><font size=2> </font>                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,878</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,110</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,841</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization of real estate assets</font>                                                                                                                            </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,751</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,438</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,191</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Interest expense</font>                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,587</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,415</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,170</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Loss on debt extinguishment</font>                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>724</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Gain on disposition of properties</font>                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,158</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><font size=2>______________</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Our share of net income differs from our weighted average ownership percentage in the joint ventures&#146; net income due to our purchase accounting and other related adjustments.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following summarizes our unconsolidated affiliates:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Board of Trade Investment Company; Kessinger/Hunter, LLC; 4600 Madison Associates, LP</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 49.0% interest in Board of Trade Investment Company, a 26.5% interest in Kessinger/Hunter, LLC and a 12.5% interest in 4600 Madison Associates, L.P. We are the property manager for the Board of Trade Investment Company and 4600 Madison Associates, L.P. joint ventures, for which we receive property management fees. In addition, Kessinger/Hunter, LLC, which is managed by our joint venture partner, provides property management, leasing, brokerage and certain construction related services to certain of our Wholly Owned Properties. Kessinger/Hunter, LLC received $2.6 million, $3.8 million and $2.3 million from us for these services in 2008, 2007 and 2006, respectively. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Des Moines Joint Ventures</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 50.0% ownership interest in RRHWoods, LLC, Dallas County Partners I, LP, Dallas County Partners II, LP, Dallas County Partners III, LP and Fountain Three, a series of joint ventures with R&amp;R Investors relating to properties in Des Moines, Iowa. Our partner is the managing partner and receives management and leasing fees from the joint ventures.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods DLF 98/29, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 22.81% interest in a joint venture (&#147;DLF I&#148;) with Schweiz-Deutschland-USA Dreilander Beteiligung Objekt DLF 98/29-Walker Fink-KG (&#147;DLF&#148;). We are the property manager and leasing agent of DLF I&#146;s properties and receive customary management and leasing fees. At the formation of this joint venture, DLF contributed excess cash to the venture that was distributed to us under the joint venture agreements. We are required to repay this excess cash to DLF over time, as discussed in Note 14.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>74</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March&nbsp;2007, DLF I sold five properties to a third party for gross proceeds of $34.2 million and recorded a gain of $9.3 million related to this sale. We recorded $2.1 million as our proportionate share of this gain through equity in earnings of unconsolidated affiliates. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In May&nbsp;2007, DLF I acquired Eola Park Centre, a 167,000 square foot office building in Orlando, Florida, for $39.3 million. In June 2007, the joint venture obtained a $27.7 million loan secured by Eola Park Centre. Simultaneously with DLF&nbsp;I&#146;s acquisition of Eola Park Centre, we separately acquired an adjacent parcel of development land for $2.0 million on a wholly-owned basis.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods DLF 97/26 DLF 99/32, L.P.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 42.93% interest in a joint venture (the &#147;DLF II Joint Venture&#148;) with Dreilander-Fonds 97/26 and 99/32 (&#147;DLF II&#148;). We are the property manager and leasing agent of the DLF II Joint Venture&#146;s properties and receive customary management and leasing fees.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods-DLF Forum, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March 2008, we and an affiliate of DLF formed a new joint venture, Highwoods DLF Forum, LLC, in which we have a 25.0% ownership interest. Upon formation of this joint venture, we contributed $0.8 million of cash. In April&nbsp;2008, we contributed an additional $11.5 million to the joint venture and the joint venture acquired The Forum, a 635,000 square foot office park in Raleigh, North Carolina, for approximately $113 million. Simultaneously with the acquisition, the joint venture obtained a $67.5 million secured loan. We are the property manager and leasing agent for the office park and receive customary management fees and leasing commissions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Concourse Center Associates, LLC and Plaza Colonnade, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-0.15%; text-indent:4%;text-align:justify;'><font size=2>We have 50.0% interests in Concourse Center Associates, LLC and Plaza Colonnade, LLC. Unrelated investors own the remaining 50.0% ownership interest in the joint ventures. We are the manager and leasing agent for the properties and receive customary management fees and leasing commissions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods KC Glenridge Office, LLC and Highwoods KC Glenridge Land, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have 40.0% interests in Highwoods KC Glenridge Office, LLC and Highwoods KC Glenridge Land, LLC. Kapital-Consult, a European investment firm that is affiliated with DLF, owns the remaining 60.0% interest in the joint venture. We are the manager and leasing agent for the office properties and receive customary management fees and leasing commissions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - HIW-KC Orlando, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 40.0% interest in HIW-KC Orlando, LLC. Kapital-Consult owns the remaining 60.0% interest in the joint venture. We are the manager and leasing agent for the properties and receive customary management fees and leasing commissions. We made certain commitments to this joint venture as discussed in Note 14 at the time of the formation, which reduced our gain on the partial sale. The unused portion of these commitments is included in net gains on dispositions of properties, a component of income from continuing operations, for the years ended December&nbsp;31,&nbsp;2008, 2007, and 2006 due to our significant continuing involvement with the joint venture. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>75</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.85%; text-indent:0.15%;text-align:justify;'><b><font size=2> - Development, Leasing and Management Fees </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As discussed above, we receive development, management and leasing fees for services provided to certain of our joint ventures. These fees are recognized as income to the extent of our respective joint venture partner&#146;s interest in rental and other revenues, as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Management and leasing fees</font>                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,073</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,205</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,920</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Development fees</font>                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>98</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total fees</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,073</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,205</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,018</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.85%; text-indent:0.15%;text-align:justify;'><b><font size=2> - Other Activity</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In February&nbsp;2007, Weston Lakeside, LLC, an unconsolidated affiliate in which we owned a 50.0% interest, sold 332 rental residential units to a third party for gross proceeds of $45.0 million and paid off all of its outstanding debt and various development related costs. The joint venture recorded a gain of $11.3 million in the first quarter of 2007 related to this sale and we recorded $5.0 million as our proportionate share through equity in earnings of unconsolidated affiliates. Our share of the gain was less than 50.0% due to our joint venture partner&#146;s preferred return as the developer. We received aggregate net distributions of $6.2 million. Weston Lakeside, LLC has been dissolved.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Consolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following summarizes our consolidated affiliates:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods-Markel Associates, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 50% interest in Highwoods-Markel Associates, LLC. Markel Corporation owns the remaining 50.0% interest in the joint venture. We are the manager and leasing agent for the properties owned by the joint venture and receive customary management fees and leasing commissions.</font><font size=1> </font><font size=2>As further described in Note</font><font size=1> </font><font size=2>1, we began consolidating the Markel joint venture in January 2006.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - SF-HIW Harborview Plaza, LP</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 20% interest in SF-Harborview Plaza, LP. This joint venture is accounted for as a financing arrangement as described in Note 3. Accordingly, the assets continue to be consolidated in our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - REES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2006, we contributed certain development land for a 93% interest in special purpose entities owned by REES. REES contributed 7% of the costs of constructing properties on this land not to exceed $4.0 million outstanding at any time. REES earned an agreed fixed return for its economic investment in these entities. The balance of development costs was funded by third party construction loans. We acquired the properties in 2008 at an amount equal to the actual development costs incurred plus the fixed return earned by REES. We consolidated these entities since we own the majority interest. During&nbsp;2008, this joint venture was dissolved. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>76</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Plaza Residential, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2007, through our taxable REIT subsidiary, we contributed $10.6 million for a majority owned interest in Plaza Residential, LLC with Dominion Partners, LLC (&#147;Dominion&#148;). Plaza Residential was formed to develop and sell 139 for-sale residential condominiums constructed above an office tower being developed by us in Raleigh, NC. Dominion has a 7% ownership interest in the joint venture, performed development services for the joint venture for a market development fee and guaranteed 40.0% of the construction financing. Dominion will receive 35.0% of the net profits from the joint venture once the partners have received distributions equal to their equity plus a 12.0% return on their equity. We consolidated this joint venture since we own the majority interest. Due to these profit sharing arrangements, we have estimated our net economic interest through the completion of this
project to be approximately 75.0% and we have recorded our partner&#146;s minority interest accordingly.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For-sale residential condominiums in our Consolidated Balance Sheet include our completed, but unsold, condominium inventory as of December&nbsp;31,&nbsp;2008. There can be no assurances that the remaining units will be sold within one year of the balance sheet date. During 2008, we received $28.6 million in gross revenues and recorded $23.0 million cost of goods sold from condominium sales activity. Net gains on for-sale residential condominiums in our Consolidated Statement of Income include gains on the sale of for-sale residential condominiums and forfeitures of earnest money deposits of $4.4 million and $1.2&nbsp;million, respectively, as of December&nbsp;31,&nbsp;2008. We recognize forfeiture of earnest money deposits into income when entitled to claim the forfeited deposit upon legal default. Minority interest expense in our Consolidated Statement of Income includes our
partner&#146;s economic share of the net income of the joint venture of $1.3 million as of December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.85%; text-indent:0.15%;text-align:justify;'><b><font size=2>- Other Activity</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On November&nbsp;1,&nbsp;2006, The Vinings at University Center, LLC, a consolidated joint venture, sold 156 residential units to a third party for gross proceeds of $14.3 million, paid off all of its outstanding debt and made cash distributions to its partners. We received a distribution of $2.9 million and recorded a gain of $1.4 million during the fourth quarter of 2006. The Vinings at University Center, LLC has been dissolved.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>3<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>FINANCING</small> <small>ARRANGEMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2>- SF-HIW Harborview Plaza, LP</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our joint venture partner in SF-HIW Harborview Plaza, LP (&#147;Harborview LP&#148;) has the right to put its 80.0% equity interest in Harborview LP to us in exchange for cash at any time during the one-year period commencing September&nbsp;11,&nbsp;2014. The value of the 80.0% equity interest will be determined at the time that our partner elects to exercise its put right, if ever, based upon the then fair market value of Harborview LP&#146;s assets and liabilities, less 3.0%, which amount was intended to cover the normal costs of a sale transaction. Because of the put option, this transaction is accounted for as a financing transaction as described in Note 1. Accordingly, the assets, liabilities and operations related to Harborview Plaza, the property owned by Harborview LP, including any new financing by the partnership, remain in our Consolidated Financial Statements. As a result, we
have established a financing obligation equal to the net equity contributed by the other partner. At the end of each reporting period, the balance of the financing obligation is adjusted to equal the greater of the original financing obligation or the current fair value of the put option discussed above. This financing obligation, net of payments made to our joint venture partner, is adjusted by a related valuation allowance account, which is being amortized prospectively through September 2014 as interest expense on financing obligation. The amount of the financing obligation together with the valuation allowance was $16.6 million at December&nbsp;31,&nbsp;2008. Additionally, the net income from the operations before depreciation of Harborview Plaza allocable to the 80.0% partner is recorded as interest expense on financing obligation. We continue to depreciate the property and record all of the depreciation on our books. Any payments made under the master lease agreement were
expensed as incurred ($70,000 and $0.1 million was expensed during the years ended December&nbsp;31,&nbsp;2007 and 2006, respectively) and any amounts paid under the tenant improvement and lease commission guarantee are capitalized and amortized to expense over the remaining lease term. At such time as the put option expires or is otherwise terminated, we will record the transaction as a sale and recognize gain on sale.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>77</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>3<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>FINANCING</small> <small>ARRANGEMENTS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2>- Eastshore</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the disposition in 2002 of three buildings located in Richmond, VA (the &#147;Eastshore&#148; transaction), we guaranteed any shortfalls that were incurred in the payment of rent and re-tenanting costs for a five-year period from the date of sale (through November 2007). Because the guarantees covered the entire space occupied by a single tenant under a triple-net lease arrangement, our guarantees were considered a guaranteed return on the buyer&#146;s investment for an extended period of time, and therefore, we accounted for the transaction originally as a financing arrangement. In July 2005, we recorded the transaction as a completed sale when the maximum exposure to loss under the guarantees became less than the related deferred gain. Gain of $3.6 million was recognized in 2006 and $3.3 million in gain was recognized in 2007 as the maximum exposure under the
guarantees was reduced. Payments made under rent guarantees after July 2005 were recorded as a reduction of the deferred gain.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Financing Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our financing obligations consist of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>SF-HIW Harborview, LP financing obligation </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,566</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bond</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,418</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,395</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Capitalized ground lease obligation</font>                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,152</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,110</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>See above for further discussion of this financing obligation.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with tax increment financing for construction of a public garage related to an office building, we are obligated to pay fixed special assessments over a 20-year period ending in 2019. The net present value of these assessments, discounted at 6.93% at the inception of the obligation, which represents the interest rate on the underlying bond financing, is shown as a financing obligation in our Consolidated Balance Sheet. We also receive special tax revenues and property tax rebates recorded in interest and other income, which are intended, but not guaranteed, to provide funds to pay the special assessments.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The capitalized lease obligation represents an obligation to the lessor of land on which we constructed a building. We are obligated to make fixed payments to the lessor through October 2022 and the lease provides for fixed price purchase options in the ninth and tenth years of the lease. We intend to exercise the purchase option in order to prevent an economic penalty related to conveying the building to the lessor at the expiration of the lease. The net present value of the fixed rental payments and purchase option through the ninth year was calculated using a discount rate of 7.1%. The assets and liabilities under the capital lease are recorded at the lower of the present value of minimum lease payments or the fair value. The liability accretes into interest expense each month for the difference between the interest rate on the financing obligation and the fixed payments. The accretion
will continue until the liability equals the purchase option of the land in the ninth year of the lease.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>78</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="67%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>4<small>.</small></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENT</small> <small>ACTIVITIES</small> <small>AND</small> <small>IMPAIRMENT</small> <small>OF</small> <small>LONG-LIVED</small> <small>ASSETS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Impairments of Long-Lived Assets Held for Use</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, 11 buildings in two office parks and one land parcel classified as held for use had indicators of impairment where the carrying value exceeded the sum of undiscounted future cash flows. As such, we recorded an impairment of assets held for use of $32.8 million, of which $32.4 million related to the two office parks and $0.4 million to the land parcel. We determined fair value by reference to appraised value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, one land parcel classified as held for use had indicators of impairment where the carrying value exceeded the sum of undiscounted future cash flows. Accordingly, we recorded an impairment of assets held for use of $0.8 million in 2007. This land became classified as held for sale in the fourth quarter of 2007 and was sold in 2007, and an additional impairment of $0.7 million was recorded with respect to this parcel and included in net gains on disposition of properties. We determined fair value by reference to contracted value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2006, we recorded impairments on operating properties then classified as held for use for $2.6 million. These properties were later reclassified to discontinued operations and were sold. In addition, we recorded impairments with respect to certain properties sold or held for sale aggregating $0.4 million during the year ended December&nbsp;31,&nbsp;2007. We determined fair value by reference to a bona fide purchase offer.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Gains and Impairments on Dispositions or Assets Held for Sale</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Gains and impairments on disposition of properties, net, included in continuing operations (excluding impairments of assets held for use which are recorded in operating expenses as described above) consisted of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gains, net of impairments, on disposition of land</font>                                                                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>655</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,610</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,043</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Gains on disposition of depreciable properties </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>126</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,952</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,114</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>781</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,562</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,157</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amounts at December&nbsp;31,&nbsp;2007 and 2006 include $3.2 million and $3.6 million, respectively, related to the Eastshore transaction, which was accounted for as a financing obligation due to our significant continuing involvement. See Note 3 to our Consolidated Financial Statements.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Gains and impairments on properties sold or held for sale and classified as discontinued operations, net of minority interest, consisted of the following, as described in Note 11:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gains, net of impairments, on sales of depreciable properties</font>                                                                                                                                            </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,485</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,477</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,082</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Allocable minority interest expense</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,162</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,465</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,224</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,323</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,012</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,858</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- 2008 Dispositions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, we sold approximately 744,000 square feet of office and industrial properties for gross proceeds of approximately $56.8 million. We also sold 37.9 acres of non-core land for gross sale proceeds of $9.2 million and, together with the recognition of previously deferred land gains, recorded a net loss of $1.1 million. The net gains, including recognition of certain gains deferred in prior years, are shown in the preceding table. The significant 2008 transactions are described below, all of which except land sales were recorded as discontinued operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>79</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>4<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENT</small> <small>ACTIVITIES</small> <small>AND</small> <small>IMPAIRMENT</small> <small>OF</small> <small>LONG-LIVED</small> <small>ASSETS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the first quarter of 2008, we sold an office property totaling 30,000 rentable square feet located in the Kansas City, MO metropolitan area for $6.0 million. A gain of $3.1 million was recorded in the first quarter of 2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the second quarter of 2008, we sold office properties aggregating 271,000 rentable square feet located in the Kansas City, MO metropolitan area for $21.7 million. A gain of $5.0 million was recorded in the second quarter of 2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the third quarter of 2008, we sold an industrial property aggregating 250,000 rentable square feet located in the Winston-Salem, NC metropolitan area for $8.2 million. A gain of $3.2 million was recorded in the third quarter of 2008. Additionally, we executed a settlement agreement with the Georgia Department of Transportation related to the condemnation of 4.0 acres of land in 2003 and recorded a gain of $1.7 million in the third quarter of 2008, of which $1.0 million had been deferred in prior years.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2008, we sold office properties aggregating 193,000 rentable square feet located in Nashville, TN for $20.9 million. A gain of $6.6 million was recorded in the fourth quarter of 2008. Additionally, we sold approximately 31 acres of non-core land located in Baltimore, MD for $7.2 million. A net loss of $1.2 million was recorded in the fourth quarter of 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- 2007 Dispositions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, we sold approximately 1.2 million square feet of office and industrial properties for gross proceeds of approximately $113.9 million. We also sold 132.8 acres of non-core land for gross sale proceeds of $37.4 million and recorded net gains of $16.6 million. The net gains, including recognition of certain gains deferred in prior years, are shown in the preceding table. The significant 2007 transactions are described below, all of which except land sales were recorded as discontinued operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the first quarter of 2007, we sold office and industrial properties encompassing 0.3 million rentable square feet located in Atlanta, GA, and Raleigh, NC for gross proceeds of approximately $39.9 million and recorded gains of approximately $19.5 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the third quarter of 2007, we sold five office and industrial properties aggregating 0.5 million rentable square feet located in Atlanta, GA and Greenville, SC for gross proceeds of approximately $36.8&nbsp;million. A gain of approximately $6.9 million and an impairment of approximately $0.4 million were recorded in the third quarter of 2007. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2007, we sold six office and industrial properties aggregating 0.4 million rentable square feet located in Greensboro, NC, Columbia, SC and Nashville, TN for gross proceeds of approximately $36.1&nbsp;million and recorded gains of approximately $8.1 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- 2006 Dispositions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2006, we sold approximately 3.0 million square feet of office and industrial properties, 17 rental residential units and The Vinings residential project for aggregate gross proceeds of approximately $241 million. Additionally, we sold 220.7 acres of non-core land for gross sale proceeds of $34.5 million and net gains of $12.0 million. The net gains, including recognition of certain gains deferred in prior years, are shown in the preceding table. The significant 2006 transactions are described below, all of which except land sales were recorded as discontinued operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>80</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>4<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENT</small> <small>ACTIVITIES</small> <small>AND</small> <small>IMPAIRMENT</small> <small>OF</small> <small>LONG-LIVED</small> <small>ASSETS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the first quarter of 2006, we sold office and industrial properties encompassing 1,867,000 rentable square feet located in Atlanta, GA, Columbia, SC and Tampa, FL in a single transaction for gross proceeds of approximately $141 million. Also, in the first quarter of 2006, we sold an office property encompassing 132,000 rentable square feet located in Raleigh, NC for gross proceeds of approximately $12.9&nbsp;million and recorded a gain of approximately $1.4 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the third quarter of 2006, we sold five office and industrial properties aggregating 292,000 rentable square feet located in Raleigh, NC for gross proceeds of approximately $22.8&nbsp;million and recorded a gain of approximately $2.8 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2006, we sold the following assets: a retail property aggregating 105,000 rentable square feet located in Kansas City, MO for gross proceeds of approximately $10.5 million, with a gain of approximately $1.5 million; two office properties and 12 industrial properties aggregating 393,000 rentable square feet in Winston-Salem and Greensboro, NC for gross proceeds of approximately $16.5 million, with a gain of approximately $3.5 million; and three office properties aggregating 193,000 rentable square feet in Tampa, FL for gross proceeds of approximately $22 million, with a gain of approximately $3.7 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Development</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Development in process at December&nbsp;31,&nbsp;2008 includes three office properties and one industrial property aggregating 558,000 rentable square feet and 16 acres of vacant land undergoing infrastructure improvements. The aggregate cost, including leasing commissions, of the four buildings currently is expected to be $92.6 million when fully leased and completed. The weighted average pre-leasing of these development projects was 68.2% as of December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We currently have four office properties recently completed, but not yet stabilized, aggregating 665,000 square feet. We consider the stabilization date to be the earlier of the originally anticipated stabilization date or when 95% occupancy is achieved. The aggregate cost, including leasing commissions, of these properties currently is expected to be $143.8 million when fully leased. The weighted average occupancy of these properties was 68.6% as of December&nbsp;31,&nbsp;2008. The components of these properties are included in land, building and tenant improvements, and deferred financing and leasing costs in our Consolidated Balance Sheets as of December&nbsp;31,&nbsp;2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we had 74 recently completed for-sale residential condominium units, which had a carrying value of $24.3 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Acquisitions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During the third quarter, we acquired an aggregate of 8.3 acres of land in the Atlanta metropolitan area for an aggregate purchase price of $2.1 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2008, we acquired a 135,000 square foot office building in Memphis, TN in exchange for 183,587 Common Units and the assumption of $7.8 million of 8.15% secured debt that matures in February 2016, both of which were recorded at fair value of $6.3 million and $8.4 million, respectively. We expect to incur or have incurred approximately $1.7 million of near-term building improvements and other costs related to this acquisition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>81</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="38%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>5<small>.</small></b></p> </td>

        <td width="89%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>MORTGAGES</small> <small>AND</small> <small>NOTES</small> <small>PAYABLE</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our consolidated mortgages and notes payable consisted of the following: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Secured indebtedness: </font><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.77% mortgage loan due 2009</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,016</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>80,408</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.87% mortgage loan due 2009</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,321</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.05% mortgage loan due 2012</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>190,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>190,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>6.03% mortgage loan due 2013</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>133,241</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135,593</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>5.68% mortgage loan due 2013</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>118,535</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>120,970</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>5.74% to 9.00% mortgage loans due between 2007 and 2017 </font><b><font size=1>(2), (3)</font></b>                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83,840</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>77,208</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Variable rate construction loan due 2009</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,264</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Variable rate construction loans due 2010</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,605</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,811</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>655,186</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>665,311</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Unsecured indebtedness: </font><font size=1>(4)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.125% notes due 2008 </font><b><font size=1>(5)</font></b>                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.125% notes due 2009 </font><b><font size=1>(6)</font></b>                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>5.85% notes due 2017 </font><b><font size=1>(7)</font></b>                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>398,999</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>398,876</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.50% notes due 2018</font>                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>200,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>200,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Variable rate term loan due 2011</font>                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>137,500</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Revolving credit facility due 2009 </font><b><font size=1>(8)</font></b>                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>163,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>227,800</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>949,499</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>976,676</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The mortgage loans payable are secured by real estate assets with an aggregate undepreciated book value of approximately $1.1 billion at December&nbsp;31,&nbsp;2008. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.</font></p> </td> </tr></table>
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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amounts at December&nbsp;31,&nbsp;2008 and 2007 include $22.3 million and $22.7 million, respectively, of mortgage debt related to SF-HIW Harborview Plaza, LP. See Note 3 to our Consolidated Financial Statements.</font></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $36.6 million and $37.4 million at December&nbsp;31,&nbsp;2008 and 2007, respectively. See Note 2 to our Consolidated Financial Statements.</font></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The unsecured notes bear interest at rates ranging from 5.85% to 8.125% with interest payable semi-annually in arrears. Any premium and discount related to the issuance of the unsecured notes, together with other issuance costs, is being amortized to interest expense over the life of the respective notes. All of the unsecured notes are redeemable at any time prior to maturity at our option, subject to certain conditions including the payment of make-whole amounts. Under the indenture, the notes may be accelerated if the trustee
or 25% of the holders provide written notice of a default and such default remains uncured after 60 days. The Operating Partnership is in compliance with all covenants under the indenture and is current on all payments required thereunder.</font></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>These notes were paid off at maturity on February&nbsp;1,&nbsp;2008 with borrowings under our revolving credit facility.</font></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(6)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>These notes were paid off at maturity on January&nbsp;15,&nbsp;2009 with borrowings under our revolving credit facility.</font></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(7)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>This amount is net of an amortized discount of $1.0 million.</font></p> </td> </tr></table>
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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(8)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes amounts outstanding under our $450.0 million unsecured revolving credit facility, which is currently scheduled to mature on May&nbsp;1,&nbsp;2009. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and assuming no default exists at that time, the facility will be extended.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>82</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="49%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>5<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>MORTGAGES</small> <small>AND</small> <small>NOTES</small> <small>PAYABLE</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth the principal payments, including amortization, due on our mortgages and notes payable as of December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:.5in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0.5pt'><br> <b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Principal</font></b><br> <b><font size=1>Amount</font></b></p> </td>

        <td width="14" valign=bottom >
<p
style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>340,053</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,845</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>147,337</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>212,515</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>240,607</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.65pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>638,328</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.65pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our $450.0 million unsecured revolving credit facility, of which $163.0 million was outstanding as of December&nbsp;31,&nbsp;2008, is currently scheduled to mature on May&nbsp;1,&nbsp;2009. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and assuming no default exists at that time, the facility will be extended. The interest rate is LIBOR plus 80 basis points and the annual base facility fee is 20 basis points. The interest rate would increase to LIBOR plus 140 or 155 basis points if our credit rating were to fall below investment grade according to two of three credit rating agencies. Our revolving credit facility had $285.4 million of availability at December&nbsp;31,&nbsp;2008 and had $262.7 million of availability as of February&nbsp;12,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our $70.0 million secured construction facility, which bears interest at LIBOR plus 85 basis points, is initially scheduled to mature on December&nbsp;20,&nbsp;2010. Assuming no defaults have occurred, we have options to extend the maturity date for two successive one-year periods. Our secured construction facility had $53.4 million of availability at December&nbsp;31,&nbsp;2008 and had $42.4 million of availability as of February&nbsp;12,&nbsp;2009.</font><b><font size=2> </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In February&nbsp;2008, we closed a $137.5 million three-year term loan that bears interest at LIBOR plus 110 basis points. The interest rate would increase to LIBOR plus 160 basis points if our credit rating were to fall below investment grade according to two of three credit rating agencies. Proceeds from this loan were used to reduce the outstanding borrowings under our revolving credit facility and for short-term investments.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Other Information </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our revolving credit facility, variable rate term loan and the indenture that governs the Operating Partnership&#146;s outstanding notes require us to comply with customary operating covenants and various financial and operating ratios. We and the Operating Partnership are each currently in compliance with all such requirements as of December&nbsp;31,&nbsp;2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Total interest capitalized to development projects was $8.3 million, $9.7 million and $5.0 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>83</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>5<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>MORTGAGES</small> <small>AND</small> <small>NOTES</small> <small>PAYABLE</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Deferred Financing Costs</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008 and 2007, deferred financing costs were $14.7 million and $14.2 million, respectively, and related accumulated amortization was $7.8 million and $5.4 million, respectively. Deferred financing costs include loan fees, loan closing costs, premium and discounts on bonds and notes payable and debt issuance costs. Amortization of bond premiums and discounts is included in contractual interest expense. All other amortization is included in amortization of deferred financing costs. The scheduled future amortization of these deferred financings costs is as follows at December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Contractual</font></b><br> <b><font size=1>Interest</font></b><br> <b><font size=1>Expense</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amortization</font></b><br> <b><font size=1>of Deferred</font></b><br> <b><font size=1>Financing</font></b><br> <b><font size=1>Costs</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,745</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,782</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,124</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,160</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>834</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>870</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>714</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>750</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>620</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>656</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>155</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,505</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,660</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>336</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,542</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,878</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Officer, Management and Director Compensation Programs </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our officers participate in an annual non-equity incentive program whereby they are eligible for incentive payments based on a percentage of their annual base salary. In addition to considering the pay practices of our peer group in determining each officer&#146;s incentive payment percentage, the officer&#146;s ability to influence our performance is also considered. Each officer has a target annual non-equity incentive payment percentage that ranges from 20% to 130% of base salary depending on the officer&#146;s position. The officer&#146;s actual incentive payment for the year is the product of the target annual incentive payment percentage times a performance &#145;factor,&#146; which can range from zero to 200%. This performance factor depends upon the relationship between how various performance criteria compare with predetermined goals. For an officer who has division
responsibilities, goals for certain performance criteria are based partly on the division&#146;s actual performance relative to that division&#146;s established goals for each criteria and partly on actual total performance relative to the same criteria. Incentive payments are accrued and expensed in the year earned and are generally paid in the first quarter of the following year.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Certain other members of management participate in an annual non-equity incentive program whereby a target annual cash incentive payment is established based upon the job responsibilities of their position. Incentive payment eligibility ranges from 10% to 30% of annual base salary. The actual incentive payment is determined by our overall performance and the individual&#146;s performance during each year. These incentive payments are also accrued and expensed in the year earned and are generally paid in the first quarter of the following year.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our officers generally receive annual grants of stock options and restricted stock on or about March 1 of each year under the Amended and Restated 1994 Stock Option Plan (the &#147;Stock Option Plan&#148;). Restricted stock grants are also made annually to directors and certain non-officer employees. As of December&nbsp;31,&nbsp;2008, there was remaining availability of 0.8 million shares of Common Stock reserved for future issuance under the Stock Option Plan. Stock options issued prior to 2005 vest ratably over four years and remain outstanding for 10 years. Stock options issued beginning in 2005 vest ratably over a four-year period and remain outstanding for seven years. The value of all options as of the date of grant is calculated using the Black-Scholes option-pricing model. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>84</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We generally make annual grants of time-based restricted stock under our Stock Option Plan to our directors, officers and other employees. Shares of time-based restricted stock issued prior to 2005 generally vest 50% three years from the date of grant and the remaining 50% five years from date of grant. Shares of time-based restricted stock that were issued to officers and employees in 2005 vest one-third on the third anniversary, one-third on the fourth anniversary and one-third on the fifth anniversary of the date of grant. Shares of time-based restricted stock that were issued to officers and employees in 2006, 2007 and 2008 generally vest 25% on the first, second, third and fourth anniversary dates, respectively. Shares of time-based restricted stock issued to directors generally vest 25% on January 1 of each successive year after the grant date. The value of grants of time-based
restricted stock is based on the market value of Common Stock as of the date of grant and is amortized to expense over the respective vesting or service periods.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007 and 2006, we also issued shares of restricted stock to officers under our Stock Option Plan that will vest if our total shareholder return exceeds the average total returns of a selected group of peer companies over a three-year period. If our total shareholder return does not equal or exceed such average total returns, none of the total return-based restricted stock will vest. The grants also contain a provision allowing for partial vesting if the annual total return in any given year of the three-year period exceeds 9% on an absolute basis. Our total return on Common Stock was less than 9% for 2008 and 2007, and accordingly, no shares vested as a result of this provision. Our total return on Common Stock exceeded 9% in 2006, and accordingly 2,373 previously issued shares of total return-based restricted stock vested as of December&nbsp;31,&nbsp;2006, net of shares
surrendered for withholding taxes. The grant date fair values of each such share of total return-based restricted stock were determined to be approximately 75% and 87% of the market value of a share of Common Stock as of the grant dates for the 2007 and 2006 grants, respectively. The grant date fair value of these shares of total-return based restricted stock is being amortized to expense on a straight-line method over the three-year period. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, we issued 33,723 shares of total return-based restricted stock to officers under our Stock Option Plan that will vest only to the extent our absolute total return for the three-year period ended December&nbsp;31,&nbsp;2010 is at least 22% or if our total return exceeds 100% of the peer group index. The grant date fair value of such shares of total return-based restricted stock was determined to be 100% of the market value of a share of Common Stock as of the grant date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, 2007 and 2006, we also issued shares of performance-based restricted stock to officers under our Stock Option Plan that will vest pursuant to performance-based criteria. The performance-based criteria are based on whether or not we meet or exceed at the end of three-year performance periods certain operating and financial goals established under our Strategic Plan. To the extent actual performance equals or exceeds threshold performance goals, the portion of shares of performance-based restricted stock that vest can range from 50% to 100%. If actual performance does not meet such threshold goals, none of the performance-based restricted stock will vest. The fair value of performance-based restricted share grants is based on the market value of Common Stock as of the date of grant and the estimated performance to be achieved at the end of the three-year period. Such fair value
is being amortized to expense during the period from grant date to the vesting dates, adjusting for the expected level of vesting that will occur at those dates. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Additional total return-based restricted stock and performance-based restricted stock may be issued at the end of the three-year periods if actual performance exceeds certain levels of performance. Such additional shares, if any, would be fully vested when issued. We will also accrue and record expense for additional performance-based shares during the three-year period to the extent issuance of the additional shares is expected based on our current and projected actual performance. No expense is recorded for additional shares of total return-based restricted stock that may be issued at the end of the three-year period since that possibility is already reflected in the grant date fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Dividends received on restricted stock are non-forfeitable and are paid at the same rate and on the same date as on shares of Common Stock.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>85</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, we recognized approximately $6.7 million, $5.2 million and $3.7 million, respectively, of stock-based compensation expense. As of December&nbsp;31,&nbsp;2008, there was $9.3 million of total unrecognized stock-based compensation costs, which will be recognized over vesting periods that have a weighted average remaining term of 1.2 years. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The compensation and governance committee of the Company&#146;s board of directors has retained the authority to grant non-equity incentive and equity incentive awards at its discretion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Using the Black-Scholes option valuation model, the weighted average fair values of options granted during 2008, 2007 and 2006 were $3.18, $6.30 and $4.00, respectively, per option. The fair values of the options granted were determined at the grant dates using the following weighted average assumptions: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font
size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Risk free interest rate </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.67</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.51</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.63</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Common stock dividend yield </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.77</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.07</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.20</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Expected volatility </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22.64</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.95</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.90</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Average expected option life (years) </font><b><font size=1>(4)</font></b>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.75</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.75</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.75</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Options granted</font>                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>319,091</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146,347</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>243,610</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Represents interest rate on US treasury bonds having the same life as the estimated life of the option grants.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the per share price of Common Stock on the date of grant.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on the historical volatility of Common Stock over a period relevant to the related stock option grant.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The average expected option life for the 2008, 2007 and 2006 grants is based on an analysis of historical company data. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes information about all stock options outstanding at December&nbsp;31,&nbsp;2008: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="4" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Options Outstanding</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td
width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of </font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Exercise</font></b><br> <b><font size=1>Price</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Balances at December 31, 2007</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,909,821</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.45</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Options granted</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>319,091</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.48</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Options cancelled</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(16,331</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31.66</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Options exercised</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(723,331</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22.95</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Balances at December 31, 2008</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,489,250</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28.74</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Cash received or receivable from options exercised was $15.9 million, $12.9 million and $43.3 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. The total intrinsic value of options exercised during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $9.6 million, $23.4 million and $30.5 million, respectively. The total intrinsic value of options outstanding at December&nbsp;31,&nbsp;2008, 2007 and 2006 was $1.7 million, $8.0 million and $47.9 million, respectively. We generally do not permit the net cash settlement of exercised stock options, but do permit net share settlement for certain qualified exercises. We have a policy of issuing new shares to satisfy stock option exercises.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>86</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth information at December&nbsp;31,&nbsp;2008 about (a) the outstanding number of vested stock options and those expected to vest and (b) the number of those options that are exercisable. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number </font></b><br> <b><font size=1>of Shares</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Exercise</font></b><br> <b><font size=1>Price</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Aggregate</font></b><br> <b><font size=1>Intrinsic</font></b><br> <b><font size=1>Value</font></b><br> <b><font size=1>(in 000s)</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Remaining</font></b><br> <b><font size=1>Years</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Outstanding</font>                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,489,250</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="51" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28.74</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,724</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.3</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Exercisable</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>826,621</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="51" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.71</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,580</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.6</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes activity in the year ended December&nbsp;31,&nbsp;2008 for all time-based restricted stock grants:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of </font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:
3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Grant</font></b><br> <b><font size=1>Date Fair</font></b><br> <b><font size=1>Value</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2007</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>356,497</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34.89</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Awarded and issued </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92,150</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30.13</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Vested </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(113,823</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33.13</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Forfeited</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(5,029</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.11</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2008</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>329,795</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34.21</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The weighted average fair value at grant date of time-based restricted shares issued during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $2.8 million, $8.4 million and $2.4 million, respectively.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The vesting date fair value of time-based restricted shares that vested during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $4.8 million, $3.2 million and $2.2 million, respectively.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes activity in the year ended December&nbsp;31,&nbsp;2008 for all performance-based and total return-based restricted stock grants:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of</font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:
3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Grant</font></b><br> <b><font size=1>Date Fair </font></b><br> <b><font size=1>Value</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2007</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135,472</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.52</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Awarded and issued </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>77,878</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.75</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Vested </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(59,892</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.82</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Forfeited</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,116</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.23</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2008</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>151,342</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33.39</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The weighted average fair value at grant date of performance-based and total return-based restricted shares issued during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $2.3 million, $1.7 million and $1.6 million, respectively. </font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The vesting date fair value of performance-based and total return-based restricted shares that vested during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $2.4 million, $0.2 million and $0.2 million, respectively. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>87</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Retirement Plan</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2006, we adopted a retirement plan applicable to all employees, including officers, who, at the time of retirement, have at least 30 years of continuous qualified service or are at least 55 years old and have at least 10 years of continuous qualified service. Subject to advance retirement notice and execution of a non-compete agreement with us, eligible retirees are entitled to receive a pro rata amount of the annual incentive payment earned during the year of retirement. Stock options and time-based restricted stock granted by us to such eligible retiree during his or her employment would be non-forfeitable and remain exercisable according to the terms of their original grants. Eligible retirees would also be entitled to receive a pro rata amount of any performance-based and total return-based restricted stock originally granted to such eligible retiree during his or her employment
that subsequently vests after the retirement date according to the terms of their original grants. The benefits of this retirement plan apply only to restricted stock and stock option grants beginning in 2006 and will be phased in 25% on March&nbsp;1,&nbsp;2006 and 25% on each anniversary thereof. For employees who meet the age and service eligibility requirements, 25% of their 2006 grants, 50% of their 2007 grants and 75% of their 2008 grants were fully expensed at the grant date, which increased compensation expense by approximately $0.6 million, $0.3 million and $0.2 million in the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. Grants made prior to 2006 are unaffected.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Deferred Compensation</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a non-qualified deferred compensation plan pursuant to which each officer and director can elect to defer a portion of their base salary and/or annual non-equity incentive payment (or director fees) which are invested by us in various unrelated mutual funds. These investments are recorded at fair value which aggregated $5.4 million at December&nbsp;31,&nbsp;2008 and are included in prepaid expenses and other assets, with an offsetting deferred compensation liability recorded in other liabilities. Such deferred compensation is expensed in the period earned by the officers and directors. Deferred amounts ultimately payable to the officers and directors are based on the value of the related mutual fund investments (recorded in prepaid expenses and other assets). Accordingly, changes in the value of the marketable mutual fund investments are recorded in interest and other income and
the corresponding offsetting changes in the deferred compensation liability are recorded in general and administration expense. As a result, there is no effect on our net income subsequent to the time the compensation is deferred and fully funded.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Prior to January&nbsp;1,&nbsp;2006, executive officers and directors also could elect to defer cash compensation for investment in units of phantom stock, which are not recorded as assets in our financial statements. At the end of each calendar quarter, any executive officer and director who deferred compensation into phantom stock was credited with units of phantom stock at a 15.0% discount. Dividends on the phantom units are assumed to be issued in additional units of phantom stock at a 15.0% discount. If an officer that deferred compensation under this plan leaves our employ voluntarily or for cause within two years after the end of the year in which such officer deferred compensation for units of phantom stock, at a minimum, the 15.0% discount and any deemed dividends are forfeited. Over the two-year vesting period, we record additional compensation expense equal to the 15.0%
discount, the accrued dividends and any changes in the market value of Common Stock from the date of the deferral. The net expense/(income) recorded in general and administrative expenses from Phantom Stock aggregated $61,000, $(0.3) million and $1.6 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. Cash payments from the plan for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 were $50,000, $0.3 million and $0.4 million, respectively. Transfers made from the phantom stock investment to other investments in the deferred compensation plan for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 were $0.4 million, $1.5 million and $1.1 million, respectively. At December&nbsp;31,&nbsp;2008, the total liability for deferred compensation aggregated $6.5 million and is recorded in accounts payable, accrued expenses and other liabilities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>88</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>401(k) Savings Plan </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 401(k) savings plan covering substantially all employees who meet certain age and employment criteria. We contribute amounts for each participant at a rate of 75% of the employee&#146;s contribution (up to 6% of each employee&#146;s salary subject to statutory limits). During the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, we contributed $1.1 million, $1.2 million and $1.1 million, respectively, to the 401(k) savings plan. The assets of this plan are not included in our Consolidated Balance Sheets. Administrative expenses of the plan are paid by us. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Employee Stock Purchase Plan </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have an Employee Stock Purchase Plan for all active employees under which employees can elect to contribute up to 25.0% of their base and annual non-equity incentive compensation for the purchase of Common Stock. At the end of each three-month offering period, the contributions in each participant's account balance, which includes accrued dividends, are applied to acquire shares of Common Stock at a cost that is calculated at 85.0% of the lower of the average closing price on the New York Stock Exchange on the five consecutive days preceding the first day of the quarter or the five days preceding the last day of the quarter. The Operating Partnership issues one Common Unit to the Company in exchange for the price paid for each share of Common Stock. In 2006, the Company issued 60,471 shares of Common Stock under the Employee Stock Purchase Plan, which included shares purchased using
the funds held by a trustee. In the years ended December&nbsp;31,&nbsp;2008 and 2007, the Company issued 29,324 and 16,937 shares, respectively, of Common Stock under the Employee Stock Purchase Plan. The discount on newly issued shares is expensed by us as additional compensation and aggregated $0.2 million in each of the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>7<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>RENTAL</small> <small>AND</small> <small>OTHER</small> <small>REVENUES;</small> <small>RENTAL</small> <small>PROPERTY</small> <small>AND</small> <small>OTHER</small> <small>EXPENSES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our real estate assets are leased to tenants under operating leases. The minimum rental amounts under the leases are generally subject to scheduled fixed increases or, much less frequently, adjustments based on the Consumer Price Index. Generally, the leases also require that the tenants reimburse us for increases in certain costs above the base-year costs. Rental and other revenues from continuing operations consisted of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Contractual rents</font>                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>394,950</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>366,624</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>341,348</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Straight-line rental income, net</font>                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,983</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,970</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,204</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Lease incentive amortization</font>                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,041</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(960</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(791</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Property operating cost recovery income</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49,691</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,124</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,295</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Lease termination fees</font>                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,578</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,700</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,776</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Fee income</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,149</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,494</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,001</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other miscellaneous operating income</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,693</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,494</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,471</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>89</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>7<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>RENTAL</small> <small>AND</small> <small>OTHER</small> <small>REVENUES;</small> <small>RENTAL</small> <small>PROPERTY</small> <small>AND</small> <small>OTHER</small> <small>EXPENSES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental property and other expenses from continuing operations consisted of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Maintenance, cleaning and general building</font>                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59,594</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,259</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>51,362</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Utilities, insurance and real estate taxes</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>89,935</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83,005</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,085</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Division and allocated administrative expenses</font>                                                                                                                                                                                                                                   </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,742</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,373</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,623</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other miscellaneous operating expenses</font>                                                                                                                                                                                                                                                                              </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,462</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,770</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,572</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>165,733</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>153,407</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146,642</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.08%;text-align:justify;'><font size=2>Expected future minimum base rents to be received over the next five years and thereafter from tenants for leases in effect at December&nbsp;31,&nbsp;2008 for the Wholly Owned Properties are as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>388,231</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>357,666</font></p> </td>

        <td width="110" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>315,315</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>258,003</font></p> </td>

        <td width="110" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>202,778</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>629,149</font></p> </td>

        <td width="110" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,151,142</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>8<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>STOCKHOLDERS'</small> <small>EQUITY</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Common Stock Dividends </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Dividends declared and paid per share of Common Stock aggregated $1.70 for each of the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes the estimated taxability to the stockholders of dividends for federal income tax purposes: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Per share:</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Ordinary income</font>                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="45" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.97</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="45" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.76</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="45" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.04</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Capital gains</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.20</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.83</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.69</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Return of capital</font>                                                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.53</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.11</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="45" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.97</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="45" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="45" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="45" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our tax returns have not been examined by the IRS and, therefore, the taxability of dividends is subject to change. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On January&nbsp;30,&nbsp;2009, the Board of Directors declared a cash dividend of $0.425 per share of Common Stock payable on March&nbsp;9,&nbsp;2009 to stockholders of record on February&nbsp;16,&nbsp;2009. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>90</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>8<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>STOCKHOLDERS'</small> <small>EQUITY</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Preferred Stock </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Below is a tabular presentation of our Preferred Stock as of December&nbsp;31,&nbsp;2008 and 2007: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Preferred Stock Issuances</font></b></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Issue Date</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number</font></b><br> <b><font size=1>of Shares</font></b><br> <b><font size=1>Issued</font></b><br> <b><font size=1>Originally</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number</font></b><br> <b><font size=1>of Shares</font></b><br> <b><font size=1>Outstanding</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Carrying</font></b><br> <b><font size=1>Value</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Liquidation</font></b><br> <b><font size=1>Preference</font></b><br> <b><font size=1>Per Share</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Optional</font></b><br> <b><font size=1>Redemption</font></b><br> <b><font size=1>Date</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annual</font></b><br> <b><font size=1>Dividends</font></b><br> <b><font size=1>Payable</font></b><br> <b><font size=1>Per Share</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>(in thousands)</font></b></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>(in thousands)</font></b></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='border-top: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='border-top: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='border-top: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2008:</font></b></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.625% Series A Cumulative </font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom >
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/1997</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,092</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,000</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/2007</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>86.25</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.000% Series B Cumulative</font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/1997</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,900</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,100</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,500</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/2002</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.00</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2007: </font></b></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.625% Series A Cumulative </font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/1997</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>82,937</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="64" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,000</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/2007</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>86.25</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.000% Series B Cumulative</font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/1997</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,900</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,100</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,500</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="64" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="71" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/2002</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.00</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The net proceeds raised from Preferred Stock issuances were contributed by the Company to the Operating Partnership in exchange for Preferred Units in the Operating Partnership. The terms of each series of Preferred Units generally parallel the terms of the respective Preferred Stock as to distributions, liquidation and redemption rights. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Of the $86.25 dividend paid per Series A Preferred Share in 2008, $71.20 was taxable as ordinary income and $15.05 was taxable as capital gain. Of the $2.00 dividend paid per Series B Preferred Share in 2008, $1.65 was taxable as ordinary income and $0.35 was taxable as capital gain. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In September&nbsp;2008, the Company sold 5.5 million shares of Common Stock for net proceeds of $195.0 million. A portion of the net proceeds of the offering were used to repurchase 53,845 outstanding Series A Preferred Shares for an aggregate purchase price of $52.5 million. The remaining net proceeds from the offering were used to reduce the amount of borrowings outstanding under our revolving credit facility.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On August&nbsp;6,&nbsp;2007, we repurchased and retired 22,008 of our outstanding Series A Preferred Shares for an aggregate purchase price of $22.3 million. In connection with this repurchase, the $0.8 million excess of the purchase cost over the net carrying amount of the repurchased shares was recorded as a reduction to net income available for common stockholders in the third quarter of 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On May&nbsp;29,&nbsp;2007, we redeemed 1.6 million of our outstanding Series B Preferred Shares, aggregating $40.0 million plus accrued and unpaid dividends. In connection with this redemption, the $1.4 million excess of the redemption cost over the net carrying amount of the redeemed shares was recorded as a reduction to net income available for common stockholders in the second quarter of 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>91</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>8<small>.</small></b></p> </td>

        <td width="90%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>STOCKHOLDERS'</small> <small>EQUITY</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On February&nbsp;23, 2006, we redeemed 2.0 million of our outstanding Series B Preferred Shares aggregating $50.0 million plus accrued dividends. On August&nbsp;22, 2005, we redeemed 0.4 million, representing all of our outstanding, Series D Preferred Shares and 1.2 million of our outstanding Series B Preferred Shares, aggregating $130.0 million plus accrued dividends. In connection with these redemptions, the excess of the redemption cost over the net carrying amount of the redeemed shares was recorded as a reduction to net income available for common stockholders in the amounts of $1.8 million and $4.3 million, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Dividend Reinvestment Plan </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a Dividend Reinvestment and Stock Purchase Plan under which holders of Common Stock may elect to automatically reinvest their dividends in additional shares of Common Stock and may make optional cash payments for additional shares of Common Stock. The administrator of the Dividend Reinvestment and Stock Purchase Plan has been instructed by us to purchase Common Stock in the open market for purposes of satisfying our obligations thereunder. However, we may in the future elect to satisfy such obligations by issuing additional shares of Common Stock. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>9<small>.</small></b></p> </td>

        <td width="90%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DERIVATIVE</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Prior to 2007, we entered into certain interest rate hedging arrangements which were designated as cash flow hedges. The effective portion of these arrangements, representing deferred interest expense, was $0.8 million and $0.9 million and is included in Accumulated Other Comprehensive Loss (&#147;AOCL&#148;) as of December&nbsp;31,&nbsp;2008 and 2007, respectively. This deferred expense will be recognized as an addition to interest expense in the same periods during which interest expense on the hedged financings affects net income. We expect approximately $0.3 million will be recognized as an increase to interest expense within the next 12 months. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, we entered into two floating-to-fixed interest rate swaps for a one-year period with respect to an aggregate of $50 million of borrowings outstanding under our revolving credit facility or other floating rate debt. These swaps fix the underlying LIBOR rate under which interest on such borrowings is based at 4.70%. These swaps were not designated as hedges under SFAS No. 133. Accordingly, the swaps were accounted for as non-hedge derivatives as of December&nbsp;31,&nbsp;2007. An aggregate unrealized loss of $0.2 million was recognized during 2007 and an aggregate unrealized gain of $0.2 million was recognized in 2008 for these two swaps. These swaps matured in 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In January 2008, we entered into two floating-to-fixed interest rate swaps for a one-year period with respect to an aggregate of $50.0 million of borrowings outstanding under our revolving credit facility or other floating rate debt. These swaps fix the underlying LIBOR rate upon which interest on such borrowings is based at 3.26% for $30.0 million of borrowings and 3.24% for $20.0 million of borrowings. The counterparty under the $30.0 million swap was PNC Bank, N.A. and the counterparty under the $20.0 million swap was Bank of America, N.A. These swaps were designated as hedges and are being accounted for as cash flow hedges. These swaps matured in January 2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In April 2008, we entered into a floating-to-fixed interest rate swap for a two-year period with respect to an aggregate of $50.0 million of borrowings outstanding under our term loan or other floating rate debt. The swap fixes the underlying LIBOR rate upon which interest on such borrowings is based at 2.52%. The counterparty under this swap is Bank of America, N.A. The swap was designated as a hedge and is being accounted for as a cash flow hedge.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>92</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>9<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DERIVATIVE</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small> <small>-</small> <small>C</small><font size=2>ontinued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In October&nbsp;2008, we entered into a floating-to-fixed interest rate swap for a one-year period with respect to an aggregate of $25.0 million of borrowings outstanding under our term loan or other floating rate debt. The swap fixes the underlying LIBOR rate upon which interest on such borrowings is based at 2.35%. The counterparty under this swap is PNC Bank, N.A. The swap was designated as a hedge and is being accounted for as a cash flow hedge.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>10<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>OTHER</small> <small>COMPREHENSIVE</small> <small>INCOME</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Other comprehensive income represents net income plus the changes in certain amounts deferred in accumulated other comprehensive loss related to hedging activities not reflected in our Consolidated Statements of Income. The components of other comprehensive income are as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December 31,</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="15" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,992</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90,745</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>53,744</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Other comprehensive income:</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Unrealized loss on tax increment financing bonds</font>                                                                                                                                                                          </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,659</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Unrealized derivative losses on cash-flow hedges</font>                                                                                                                                                                            </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,376</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Amortization of past cash-flow hedges</font>                                                                                                                                                                                                                                              </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>181</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>577</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>697</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total other comprehensive income</font>                                                                                                                                                                                                                                         </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,854</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>577</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>697</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total comprehensive income</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,138</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>91,322</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,441</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>93</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="32%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="11%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>11<small>.</small></b></p> </td>

        <td width="88%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCONTINUED</small> <small>OPERATIONS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As part of our business strategy, we will from time to time selectively dispose of non-core properties in order to use the net proceeds for investments, for repayment of debt and/or retirement of Preferred Stock, or other purposes. The table below sets forth the net operating results of those assets classified as discontinued operations in our Consolidated Financial Statements. These assets classified as discontinued operations comprise 5.0 million square feet of office and industrial properties and 186 rental residential units sold during 2006, 2007 and 2008. The operations of these assets have been reclassified from our ongoing operations to discontinued operations, and we will not have any significant continuing involvement in the operations after the disposal transactions:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,860</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,697</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,470</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Operating expenses:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental property and other expenses</font>                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,135</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,273</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,204</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Impairment of assets held for use</font>                                                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,600</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>853</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,610</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,337</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>General and administrative</font>                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>87</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total operating expenses</font>                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,988</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,883</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,228</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Interest expense</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>560</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><b><font size=2>Interest and other income</font></b>                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>102</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income before minority interest in the Operating Partnership and net gains</font></b><br> <b><font size=2>on sales of discontinued operations</font></b>                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,895</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,863</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,784</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Minority interest in discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(122</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(338</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(501</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income from discontinued operations, net of minority interest in the</font></b><br> <b><font size=2>Operating Partnership</font></b>                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,773</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,525</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,283</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net gains on sales of discontinued operations</font>                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,485</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,477</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,082</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Minority interest in discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,162</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,465</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,224</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><b><font size=2>Net gains on sales of discontinued operations, net of minority interest </font></b><br> <b><font size=2>in the Operating Partnership</font></b>                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,323</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,012</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,858</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income from discontinued operations before release of FASB FIN 48 </font></b><br> <b><font size=2>tax liability</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,096</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36,537</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,141</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Release of tax liability</font>                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,473</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total discontinued operations</font></b>                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,096</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,010</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,141</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Carrying value of assets held for sale and assets sold that qualified for discontinued </font><br> <font size=2>operations during the year</font>                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,181</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,952</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>316,453</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table includes the major classes of assets and liabilities of the properties held for sale:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p
style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets:</font></b></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Land, previously classified as held for development</font>                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,197</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,404</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net real estate assets</font>                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,197</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,404</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Prepaid expenses and other</font>                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>45</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:1.0in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total assets</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,242</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,466</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Tenant security deposits, deferred rents and accrued costs </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-0.31%;text-align:left;line-height:80%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Included in accounts payable, accrued expenses and other liabilities.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>94</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="26%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="14%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>12<small>.</small></b></p> </td>

        <td width="85%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EARNINGS</small> <small>PER</small> <small>SHARE</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth the computation of basic and diluted earnings per share:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:4.45pt'>

        <td valign=top style=' height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December 31,</font></b></p> </td>

        <td width="14" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:4.45pt'>

        <td valign=top style=' height:4.45pt'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="14" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Basic income per share:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Numerator:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,735</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,603</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Preferred Stock dividends </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of Preferred Stock redemption/repurchase costs over carrying value </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations available for common stockholders</font>       </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,984</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36,973</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,737</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,096</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,010</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,141</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income available for common stockholders</font>                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,080</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,983</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,878</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Denominator:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Denominator for basic earnings per share &#150; weighted average shares </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58,803</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,444</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,489</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:6.3pt'>

        <td nowrap valign=top style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Basic earnings per share:</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.29</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.33</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.67</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.35</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.33</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Diluted income per share:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Numerator:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,735</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,603</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Preferred Stock dividends </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Excess of Preferred Stock redemption/repurchase costs over carrying value </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Minority interest in the Operating Partnership</font>                                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>293</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,868</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,453</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations available for common stockholders</font>       </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,277</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,841</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,190</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,096</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,010</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,141</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Minority interest in the Operating Partnership in discontinued operations</font>                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,284</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,803</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,725</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,380</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40,813</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,866</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income available for common stockholders</font>                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,657</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>80,654</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,056</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Denominator:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Denominator for basic earnings per share &#150; adjusted weighted average shares </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58,803</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,444</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,489</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.15pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Add:</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Employee and director stock options and warrants</font>                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>201</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>663</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,394</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Common Units</font>                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,971</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,190</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,193</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Unvested restricted stock</font>                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>263</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>250</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>286</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Denominator for diluted earnings per share &#150; adjusted weighted average</font><br> <font size=2>shares and assumed conversions </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,238</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,547</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,362</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Diluted earnings per share: </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.28</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.32</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.31</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.62</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For additional disclosures regarding outstanding Preferred Stock, see Note 8 included herein.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Weighted average shares exclude a portion of the shares of unvested restricted stock. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>95</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="38%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>12<small>.</small></b></p> </td>

        <td width="89%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EARNINGS</small> <small>PER</small> <small>SHARE</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>



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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Options and warrants aggregating approximately 1.4 million, 0.1 million and 0.2 million shares were outstanding during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively, but were not included in the computation of diluted earnings per share because the exercise prices of the options and warrants were higher than the average market price of Common Stock during these periods</font><b><font size=2>.</font></b></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The number of shares of Common Stock reserved for future issuance is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p
style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Outstanding warrants</font>                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Outstanding stock options</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,489,250</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,909,821</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Possible future issuance under Stock Option Plan</font>                                                                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>773,532</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,234,598</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,277,782</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,169,419</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we had 136.4 million remaining shares of Common Stock authorized to be issued under our charter.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="17%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="22%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>13<small>.</small></b></p> </td>

        <td width="77%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>WARRANTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Warrants to acquire Common Stock were issued in 1997 and 1999 in connection with property acquisitions. In 2006, 30,000 warrants with an exercise price of $28.00 per share were exercised, 591,715 warrants with an exercise price of $32.50 per share were exercised and 100,000 warrants with an exercise price of $34.13 were exercised. In 2007, 10,000 warrants with an exercise price of $34.13 were exercised. In 2008, 10,000 warrants with an exercise price of $32.50 were exercised. At December&nbsp;31,&nbsp;2008, there are 15,000 warrants outstanding with an exercise price of $32.50; these warrants have no expiration date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="39%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="90%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Concentration of Credit Risk</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We maintain our cash and cash equivalent investments and our restricted cash at financial or other intermediary institutions. The combined account balances at each institution typically exceed FDIC insurance coverage and, as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Operating Ground Leases</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Certain properties in our wholly owned portfolio are subject to operating ground leases expiring through 2082. Rental payments on these leases are adjusted periodically based on either the consumer price index (CPI) or on a pre-determined schedule. Total expense recorded for operating ground leases was $1.4 million, $1.4 million and $1.3 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, our payment obligations for future minimum payments on operating ground leases were as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,142</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,125</font></p> </td>

        <td width="177" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,145</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,165</font></p> </td>

        <td width="177" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,186</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,706</font></p> </td>

        <td width="177" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48,469</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>96</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="51%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Completion Contracts</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have approximately</font><b><font size=2> </font></b><font size=2>$41.5</font><b><font size=2> </font></b><font size=2>million of completion contracts as of December&nbsp;31,&nbsp;2008. Completion contracts are defined as payments to be made under current contractual obligations related to capital expenditures. This amount represents our estimate of contractual obligations as of December&nbsp;31,&nbsp;2008 related to various construction projects, which we expect to pay in 2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Environmental Matters</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Substantially all of our in-service and development properties have been subjected to Phase I environmental assessments (and, in certain instances, Phase II environmental assessments). Such assessments and/or updates have not revealed, nor is management aware of, any environmental liability that management believes would have a material adverse effect on the accompanying Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>DLF I Obligation</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>At the formation of the DLF I joint venture, the amount DLF contributed in cash to the venture and subsequently distributed to us was determined to be in excess of the amount required based on its ownership interest and the agreed-upon value of the real estate assets. Under the joint venture agreement, we are required to repay this amount to DLF over 14 years. The payments of $7.2 million were discounted to net present value of $3.8 million using a discount rate of 9.62% specified in the agreement. Payments of $0.5 million were made in each of the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, of which $0.2 million, $0.2 million and $0.3 million in the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively, represented imputed interest expense. The balance at December&nbsp;31,&nbsp;2008 and 2007 is $2.0 million and $2.3 million, respectively, which is included in
accounts payable, accrued expenses and other liabilities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Guarantees and Other Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The table below sets forth information about certain guarantees and other obligations as of December&nbsp;31,&nbsp;2008. The amounts reflected in the table assume we would be required to pay the maximum potential exposure with no offsets or reductions. With respect to a rent guarantee, if the space is leased, we assumed the existing tenant defaulted at December&nbsp;31,&nbsp;2008 and that the space will remain unleased through the remainder of the guaranty. If the space is vacant, we assumed the space will remain vacant through the remainder of the guaranty. Since it is assumed that no new tenant will occupy the space, lease commissions, if applicable, are excluded.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Entity or Transaction</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Type of </font></b><br> <b><font size=1>Guarantee or Other Obligation</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black
1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amount</font></b><br> <b><font size=1>Recorded/</font></b><br> <b><font size=1>Deferred</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Date</font></b><br> <b><font size=1>Guarantee</font></b><br> <b><font size=1>Expires</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Debt</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=top style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>11/2015</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>281 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>8/2010</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22 </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>11/2009 </font><br> <font size=2>and </font><br> <font size=2>11/2011</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC and Dallas County Partners I, LP</font>                               </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>6/2014</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Debt</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>3/2017</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Plaza Colonnade</font>                                                                                                                                                                                                                                                     </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>12/2009</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Environmental costs </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125 </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>When </font><br> <font size=1>Remediated</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>HIW-KC Orlando, LLC</font>                                                                                                                                                                                                           </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Rent </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>226 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>4/2011</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>HIW-KC Orlando, LLC</font>                                                                                                                                                                                                           </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Leasing Costs</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>295 </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>Until Paid</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Capitalized Lease Obligations</font>                                                                                                                                                                     </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Debt</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>134 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>Various</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>97</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="51%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Des Moines Joint Ventures </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We guarantee $8.6 million of debt of a consolidated affiliate of the RRH Woods, LLC joint venture. This guarantee was entered into prior to the January&nbsp;1,&nbsp;2003 and therefore, no liability for the debt guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. Our maximum potential exposure under this guarantee was $8.6 million at December&nbsp;31,&nbsp;2008. Recourse provisions exist that would enable us to recover some or all of any such payments from the joint venture&#146;s assets. This guarantee is scheduled to expire in November 2015. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC joint venture, we guarantee $3.1 million relating to a letter of credit and a corresponding master lease. The guarantee requires us to pay under a contingent master lease if the cash flows from the building securing the letter of credit do not cover at least 50% of the minimum debt service. During 2008, 2007 and 2006, we made master lease payments of $0.1 million, $0.1 million and $39,000, respectively. As a result of this guarantee, we have recorded $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007. Our maximum potential exposure under this guarantee was $3.1 million at December&nbsp;31,&nbsp;2008. This guarantee is scheduled to expire in August 2010. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC joint venture, we guarantee $3.3 million of the joint venture&#146;s debt. Because the joint venture currently is expected to generate sufficient cash flow to cover the required debt service, no liability for this guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. In addition, we agreed to a master lease for 50% of the debt service should the joint venture not generate sufficient cash flow to cover the required debt service. As a result of this master lease, we have recorded $22,000 and $30,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this guarantee was $3.3 million at December&nbsp;31,&nbsp;2008. Recourse provisions
exist that would enable us to recover some or all of any such payments from the joint venture&#146;s assets. This guarantee is scheduled to expire in November 2009, but at the option of the joint venture may be extended to November 2011.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC and Dallas County Partners joint ventures, we agreed to master lease certain vacant space and guarantee $0.8 million of debt. No master lease payments were necessary in 2008 or 2007. Because the joint ventures currently are expected to generate sufficient cash flow to cover the required debt service, no liability for the debt guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. As a result of this master lease, we have recorded $58,000 and $68,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this master lease was $1.6 million at December&nbsp;31,&nbsp;2008. Our maximum potential exposure under the debt guarantee was $0.8
million at December&nbsp;31,&nbsp;2008. This guarantee is scheduled to expire in June 2014.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by RRH Woods, LLC, our joint venture partner provided a $1.5 million letter of credit. We agreed to reimburse our partner for 50% of the letter of credit in the event of a default by the joint venture of the underlying debt. Because the joint venture currently is expected to generate sufficient cash flow to cover the required debt service, no liability for this obligation was recorded at December&nbsp;31,&nbsp;2008 or 2007. Our maximum potential exposure under this guarantee was $0.8 million at December&nbsp;31,&nbsp;2008. This obligation is scheduled to expire in March 2017.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Plaza Colonnade, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the Plaza Colonnade, LLC joint venture, we agreed to master lease 30,772 square feet through December 2009. As a result of this master lease, we have recorded $4,000 and $8,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this master lease was $0.4 million at December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>98</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="52%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Industrial</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As part of the sale of an industrial property in December 2003, we indemnified the buyer with respect to environmental concerns of up to $0.1 million. As a result, $0.1 million of the gain was deferred in accounts payable, accrued expenses and other liabilities at the time of sale and will remain deferred until the environmental concerns are remediated. Our exposure for environmental remediation continues until remediation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - HIW-KC Orlando, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As part of the formation of HIW KC Orlando, LLC, we agreed to master lease 3,248 rentable square feet. During 2008, 2007 and 2006, we made master lease payments of $27,000, $21,000 and $26,000, respectively. As a result of this master lease, we have recorded $0.2 million and $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Additionally, we agreed to guarantee the initial leasing costs, originally estimated at $4.1 million, for approximately 11% of the total square feet of the property owned by the joint venture. During 2006, we made payments of $8,000 under this arrangement. As a result of this guarantee, we have recorded $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in
investments in affiliates in our Consolidated Balance Sheets at both December&nbsp;31,&nbsp;2008 and 2007. Our maximum potential exposure under the master lease was $0.2 million at December&nbsp;31,&nbsp;2008. Our maximum potential exposure for leasing costs was $0.3 million at December&nbsp;31,&nbsp;2008. The master lease is scheduled to expire in April 2011. Our exposure for leasing costs continues until paid. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Capitalized Lease Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have capitalized lease obligations of $0.1 million related to office equipment, which is included in accounts payable, accrued expenses and other liabilities in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Litigation, Claims and Assessments</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are from time to time a party to a variety of legal proceedings, claims and assessments arising in the ordinary course of our business. We regularly assess the liabilities and contingencies in connection with these matters based on the latest information available. For those matters where it is probable that we have incurred or will incur a loss and the loss or range of loss can be reasonably estimated, the estimated loss is accrued and charged to income in our Consolidated Financial Statements. In other instances, because of the uncertainties related to both the probable outcome and amount or range of loss, a reasonable estimate of liability, if any, cannot be made. Based on the current expected outcome of such matters, none of these proceedings, claims or assessments is expected to have a material adverse effect on our business, financial condition, results of operations or cash flows.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>99</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="62%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="6%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>15.</font></b></p> </td>

        <td width="93%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCLOSURE</small> <small>ABOUT</small> <small>FAIR</small> <small>VALUE</small> <small>OF</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>SFAS No. 157 provides a framework for measuring fair value and requires expanded disclosure regarding fair value measurements. SFAS No. 157 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. SFAS No. 157 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that we use to measure fair value, as well as the assets and liabilities that we value using those levels of inputs.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Level 1.</font></b><font size=2> Quoted prices in active markets for identical assets or liabilities. Our Level 1 assets are comprised of investments in marketable securities which we use to pay benefits under our deferred compensation plan. Our Level&nbsp;1 liabilities are our obligations to pay certain deferred compensation plan benefits whereby participants have designated investment options (primarily mutual funds) to serve as the basis for measurement of the notional value of their accounts.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Level 2.</font></b><font size=2> Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Our Level 2 assets are interest rate swaps whose fair value is determined using a price model predicated upon observable market inputs. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Level 3.</font></b><font size=2> Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Level 3 asset is our tax increment financing bond that is not routinely traded but whose fair value is determined using an estimate of projected redemption value predicated upon quoted bid/ask prices for similar unrated municipal bonds. In December&nbsp;2007, we acquired for $20.9 million the remaining outstanding bonds, at par value, that were issued by a municipal authority in connection with this tax increment financing. These available for-sale securities are carried at estimated fair value in prepaid and other assets with unrealized gains or losses reported in accumulated other comprehensive loss. The fair value of these bonds has been significantly below carrying value for two quarters due to the lack of demand in the relevant private placement markets caused by the current dislocations in the credit markets. We believe these bonds will recover in value in the future due to the
quality of the underlying collateral.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Level 3 liability is our SF-HIW Harborview Plaza, LP financing obligation that is not traded but whose fair value is determined using an estimate of discounted cash flows dependent on future leasing assumptions for the property. See Note 3 for further discussion of this financing obligation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>100</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="74%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>15.</font></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCLOSURE</small> <small>ABOUT</small> <small>FAIR</small> <small>VALUE</small> <small>OF</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following tables set forth the financial assets and liabilities as of December&nbsp;31,&nbsp;2008 that we measured at fair value on a recurring basis by level within the fair value hierarchy. As required by SFAS No. 157, assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>

<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fair Value Measurements Using</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Level 1</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Level 2</font></b></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Level 3</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Balance at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Quoted Prices in</font></b><br> <b><font size=1>Active Markets</font></b><br> <b><font size=1>for Identical</font></b><br> <b><font size=1>Assets</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Significant</font></b><br> <b><font size=1>Other</font></b><br> <b><font size=1>Observable</font></b><br> <b><font size=1>Inputs</font></b></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Significant</font></b><br> <b><font size=1>Unobservable</font></b><br> <b><font size=1>Inputs</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets</font></b></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Marketable securities (in prepaid and other </font><br> <font size=2>assets) </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bond (in prepaid expenses</font><br> <font size=2>and other assets)</font>                                                                                                                                                                   </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:35.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total Assets</font></b>                                                                                                                                                                                                       </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,890</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.75pt'>

        <td nowrap valign=top style=' height:9.75pt'>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style=' height:9.75pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liabilities</font></b></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest rate swaps (in accounts payable, accrued </font><br> <font size=2>expenses and other liabilities)</font>                                                                                  </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred compensation (in accounts payable, </font><br> <font size=2>accrued expenses and other liabilities)</font>                             </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>SF-Harborview Plaza, LP financing obligation</font>              </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:35.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total Liabilities</font></b>                                                                                                                                                                                  </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24,502</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="2%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The marketable securities are held through our officer deferred compensation plans.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fair Value</font></b><br> <b><font size=1>Measurements</font></b><br> <b><font size=1>Using </font></b><br> <b><font size=1>Significant</font></b><br> <b><font size=1>Unobservable</font></b><br> <b><font size=1>Inputs</font></b><br> <b><font size=1>(Level 3)</font></b></p> </td>

        <td width="18" valign=bottom >
<p
style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Asset:</font></b></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Tax Increment Financing Bond</font></b></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Beginning balance as of December&nbsp;31,&nbsp;2007</font>                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Transfer into Level 3</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,541</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Principal repayment</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(790</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Unrealized loss (in AOCL)</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,283</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Ending balance as of December&nbsp;31,&nbsp;2008</font>                                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liability:</font></b></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>SF-Harborview Plaza, LP Financing Obligation</font></b></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Beginning balance as of December&nbsp;31,&nbsp;2007</font>                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,566</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Payments on financing obligation</font>                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,579</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Interest expense on financing obligation</font>                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,617</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Ending balance as of December&nbsp;31,&nbsp;2008</font>                                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>101</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="74%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>15.</font></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCLOSURE</small> <small>ABOUT</small> <small>FAIR</small> <small>VALUE</small> <small>OF</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small> <font size=2>&#150; Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following disclosures of estimated fair value were determined by management using available market information and appropriate valuation methodologies. Considerable judgment is used to interpret market data and develop estimated fair values. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize upon disposition of the financial instruments. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair values. The carrying amounts and estimated fair values of our financial instruments were as follows: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Carrying</font></b><br> <b><font size=1>Amount</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fair Value</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><u><b><font size=2>December 31,2008</font></b></u><u></u></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash and cash equivalents</font>                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,757</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,757</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,258</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,258</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accounts and notes receivable</font>                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,289</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,289</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Marketable securities (in prepaid expenses and other assets)</font>                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bonds (in prepaid expenses and other assets)</font>                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,330,899</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,219</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest rate swaps (in accounts payable, accrued expenses and other liabilities)</font>                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred compensation (in accounts payable, accrued expenses and other liabilities)</font>              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><u><b><font size=2>December 31,2007</font></b></u><u></u></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash and cash equivalents</font>                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,140</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,140</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,896</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accounts and notes receivable</font>                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,747</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,747</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Marketable securities (in prepaid expenses and other assets)</font>                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,194</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,194</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bonds (in prepaid expenses and other assets)</font>                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,915</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,915</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,632,894</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,852</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest rate swaps (in accounts payable, accrued expenses and other liabilities)</font>                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>183</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>183</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred compensation (in accounts payable, accrued expenses and other liabilities)</font>              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,867</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,867</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The fair values of our mortgages and notes payable and financing obligations were estimated using discounted cash flow analysis based on available rates on similar borrowing arrangements at December&nbsp;31,&nbsp;2008 and 2007. The carrying amounts of our cash and cash equivalents, accounts and notes receivable equal or approximate fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Disclosures about the fair value of financial instruments are based on relevant information available to us at December&nbsp;31,&nbsp;2008. Although management is not aware of any factors that would have a material effect on the fair value amounts reported herein, such amounts have not been revalued since that date and current estimates of fair value may significantly differ from the amounts presented herein. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>102</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="20%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="18%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>16<small>.</small></b></p> </td>

        <td width="81%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INCOME</small> <small>TAXES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Consolidated Financial Statements include operations of our taxable REIT subsidiary, which is subject to corporate, state and local income taxes. As a REIT, we may also be subject to certain federal excise taxes if we engage in certain types of transactions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Other than the liability for an uncertain tax position and related accrued interest discussed below, no provision has been made for federal and state income taxes during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 because the Company qualified as a REIT, distributed the necessary amount of taxable income and, therefore, incurred no income tax expense during the periods. The taxable REIT subsidiary has operated at a cumulative taxable loss through December&nbsp;31,&nbsp;2008 of approximately $12.8 million and has paid no income taxes since its formation. In addition to the $5.0 million deferred tax asset for these cumulative tax loss carryforwards, the taxable REIT subsidiary also had net deferred tax liabilities of approximately $2.2 million comprised primarily of tax versus book basis differences in certain investments and depreciable assets held by the taxable REIT
subsidiary. Because the future tax benefit of the cumulative losses is not assured, the approximate $2.8 million net deferred tax asset position of the taxable REIT subsidiary has been fully reserved as management does not believe that it is more likely than not that the net deferred tax asset will be realized. Accordingly, no tax benefit has been recognized in the accompanying Consolidated Financial Statements. The tax benefit of the cumulative losses could be recognized for financial reporting purposes in future periods to the extent the taxable REIT subsidiary generates sufficient taxable income. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On January&nbsp;1,&nbsp;2007, we recorded a $1.4 million liability, which included $0.2 million of accrued interest, for an uncertain tax position, with the related expense reflected as a reduction to the beginning balance of distributions in excess of net earnings. This liability was included in accounts payable, accrued expenses and other liabilities. During the third quarter of 2007, the liability for the uncertain tax position was released, and income recognized, upon the expiration of the applicable statute of limitations. In addition, the liability of $0.05 million of interest that was accrued in 2007 relating to this liability was also released.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are subject to federal, state and local income tax examinations by tax authorities for 2005 through 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>103</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>17<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>SEGMENT</small> <small>INFORMATION</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our principal business is the acquisition, development and operation of rental real estate properties. We evaluate our business by product type and by geographic locations. These segments and our disclosures below are expanded from what we reported in prior years due to expanded internal reporting information used by our chief operating decision makers starting in the first quarter of 2008. Each product type has different customers and economic characteristics as to rental rates and terms, cost per square foot of buildings, the purposes for which customers use the space, the degree of maintenance and customer support required and customer dependency on different economic drivers, among others. The operating results by geographic grouping are also regularly reviewed by our chief operating decision maker for assessing performance and other purposes. There are no material inter-segment transactions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The accounting policies of the segments are the same as those described in Note 1 included herein. All operations are within the United States and, at December&nbsp;31,&nbsp;2008, no tenant of the Wholly Owned Properties comprised more than 7.5% of our consolidated revenues. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes the rental income, net operating income and assets for each reportable segment:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and Other Revenues: </font><font size=1>(1) (2) (3)</font></b></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Office:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Atlanta, GA</font>                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47,010</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43,579</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40,493</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Greenville, SC</font>                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,039</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,324</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,044</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,409</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,443</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,282</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Memphis, TN</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,822</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24,230</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,069</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nashville, TN</font>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,090</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>51,190</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>46,991</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Orlando, FL</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,447</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,851</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,385</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC</font>                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26,611</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,413</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,187</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Raleigh, NC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>70,512</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,058</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,381</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Richmond, VA</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47,916</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>45,159</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,906</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Tampa, FL</font>                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65,778</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,564</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,675</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Office Segment</font>                                                                                                                                                                                                  </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>385,634</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>352,811</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>329,413</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Atlanta, GA</font>                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,783</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,978</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,270</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Greenville, SC</font>                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>180</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>305</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC</font>                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,310</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,593</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,821</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Industrial Segment</font>                                                                                                                                                                                </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,113</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,771</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,428</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Retail:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43,491</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,119</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,814</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC</font>                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>559</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>564</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>526</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Retail Segment</font>                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,050</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,683</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,340</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Residential:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,206</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,181</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,123</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Residential Segment</font>                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,206</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,181</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,123</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Rental and Other Revenues</font>                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>104</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>17<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>SEGMENT</small> <small>INFORMATION</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Net Operating Income: (1) (2) (3)</font></b></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Office:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,678</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,407</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>25,474</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,549</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,923</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,974</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9,236</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,399</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,655</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Memphis, TN</font>                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,116</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,680</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,763</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Nashville, TN</font>                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>40,089</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,723</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>29,632</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,293</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,375</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,134</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>17,139</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>16,682</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>18,530</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>46,362</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>40,353</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>36,343</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Richmond, VA</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,161</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>30,943</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,486</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Tampa, FL</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>39,270</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>36,755</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,847</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Other</font>                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(104</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(96</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(111</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Office Segment</font>                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>242,789</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>221,144</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>203,727</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Industrial:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,964</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,534</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,901</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>40</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>85</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>21</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,004</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,593</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9,681</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Industrial Segment</font>                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>22,976</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>23,176</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>21,688</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Retail:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(25</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(23</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(26</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,492</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>29,720</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,344</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>441</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>459</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>432</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(93</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(86</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(72</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Retail Segment</font>                                                                                                                                                                                                                 </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,815</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>30,070</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,678</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Residential:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(29</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(94</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>834</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>863</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>868</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(111</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(101</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(110</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(33</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(84</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(95</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Residential Segment</font>                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>690</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>649</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>569</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Net Operating Income</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>295,270</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>275,039</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>254,662</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Reconciliation to income before disposition of property and </font></b><br> <b><font size=1>condominiums, insurance gain, minority interest and </font></b><br> <b><font size=1>equity in earnings of unconsolidated affiliates:</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Depreciation and amortization</font>                                                                                                                                                                                                                                </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(126,767</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(120,254</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(110,984</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Impairment of assets held for use</font>                                                                                                                                                                                                               </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(32,846</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(789</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>General and administrative expense</font>                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(38,043</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(41,570</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(37,309</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Interest expense</font>                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(98,492</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100,337</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100,766</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Interest and other income</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,832</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,393</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,060</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>Income before disposition of property and condominiums, insurance </font><br> <font size=1>gain, minority interest and equity in earnings of unconsolidated </font><br> <font size=1>affiliates</font>                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,954</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>18,482</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,663</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Net of discontinued operations.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Piedmont Triad market encompasses the Greensboro and Winston-Salem metropolitan area.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Raleigh market encompasses the Raleigh, Durham, Cary and Research Triangle metropolitan area.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>105</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="40%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>17<small>.</small></b></p> </td>

        <td width="90%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>SEGMENT</small> <small>INFORMATION</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Total Assets: </font></b></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Office:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>277,472</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>276,283</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>268,848</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Baltimore, MD</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,793</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,155</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,661</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>83,554</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>87,663</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>112,515</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>87,954</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>104,076</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>107,004</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Memphis, TN</font>                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>187,316</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>134,962</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>133,762</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Nashville, TN</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>348,068</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>349,351</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>312,154</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>50,852</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>51,361</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>45,684</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>148,511</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>182,470</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>189,809</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>469,448</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>442,434</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>408,359</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Richmond, VA</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>257,221</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>259,707</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>259,602</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Tampa, FL</font>                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>379,146</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>389,407</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>369,307</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Office Segment</font>                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,291,335</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,287,869</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,218,705</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Industrial:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>137,510</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>124,759</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>121,452</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,305</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>123</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>152</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>134</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>100,429</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>108,234</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>104,212</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Industrial Segment</font>                                                                                                                                                                                                  </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>238,062</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>233,145</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>230,103</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Retail:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,070</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>978</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,115</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>224,603</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>230,556</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>236,702</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,423</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,960</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,497</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,452</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,225</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,573</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Retail Segment</font>                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>240,548</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>242,719</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>247,887</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Residential:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,100</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,471</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,834</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,065</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,147</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,147</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,994</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,698</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>18,032</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,774</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Residential Segment</font>                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>37,316</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>27,013</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>21,933</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Corporate</font>                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>138,909</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>136,209</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>126,225</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>Total Assets</font>                                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,946,170</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,926,955</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,844,853</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="20%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="18%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>18</font><small>.</small></b></p> </td>

        <td width="81%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>OTHER</small> <small>EVENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Settlement of Tenant Bankruptcy Claim</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2006, we received shares of Redback Networks, Inc., a public company, in settlement of a bankruptcy claim by us related to leases with this former tenant that were terminated in 2003. The shares were sold for net cash proceeds of $1.6 million and recorded as interest and other income. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Property Insurance Settlement</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2005, one of our office properties located in southeastern Florida sustained damage in a hurricane. During the first quarter of&nbsp;2007, we recorded a $4.1 million gain for the non-monetary conversion upon finalization of the insurance claim.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Subsequent Events</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In January&nbsp;2009, we paid off at maturity $50.0 million of 8.125% unsecured notes using borrowings under our revolving credit facility.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>106</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="45%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="8%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>19</font><small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>QUARTERLY</small> <small>FINANCIAL</small> <small>DATA</small> <small>(</small><font size=2>Unaudited</font><small>)</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following tables set forth quarterly financial information for our fiscal years ended December&nbsp;31,&nbsp;2008 and 2007 and have been adjusted to reflect discontinued operations:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Year Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>First</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Second</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Third</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fourth</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues </font><b><font size=1>(1)</font></b>                                                                                                                                 </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,434</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,015</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,451</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>117,103</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations </font><b><font size=1>(1)</font></b>                                 </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,536</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,580</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,517</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(19,737</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations </font><b><font size=1>(1)</font></b>                                                         </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,107</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,403</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,194</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,392</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,096</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income/(loss)</font>                                                                                                                                                                                                        </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,643</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,983</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,711</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,345</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,992</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dividends on preferred stock</font>                                                                                                 </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,451</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,677</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of preferred stock redemption/ </font><br> <font size=2>repurchase cost over carrying value</font>                            </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income/(loss) available for common </font><br> <font size=2>stockholders</font>                                                                                                                                                                                                         </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,805</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,145</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,152</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(15,022</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,080</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income/(loss) per share-basic:</font></b></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font>                     </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.16</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.12</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.34</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.09</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.06</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.10</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.33</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income/(loss)</font>                                                                                                                                                                          </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.23</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.24</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income/(loss) per share-diluted:</font></b></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font>                     </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.12</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.34</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.09</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.06</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.10</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.32</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income/(loss)</font>                                                                                                                                                                          </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.22</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.24</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Year Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>First</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Second</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Third</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fourth</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues </font><b><font size=1>(1)</font></b>                                                                                                                                 </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>104,551</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>103,816</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>106,997</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,082</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations </font><b><font size=1>(1)</font></b>                                                                       </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,011</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,561</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,839</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,324</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,735</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations </font><b><font size=1>(1)</font></b>                                                         </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,547</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,728</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,601</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,134</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,010</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                              </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,558</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,289</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,440</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,458</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>90,745</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dividends on preferred stock</font>                                                                                                 </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4,113</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,846</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,680</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of preferred stock redemption/ </font><br> <font size=2>repurchase cost over carrying value</font>                            </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,443</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(842</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income available for common stockholders</font>             </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48,445</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,918</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,620</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>74,983</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per share-basic:</font></b></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                           </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.51</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.04</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.03</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.08</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.35</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.03</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.14</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.67</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.86</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.18</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.22</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.33</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per share-diluted:</font></b></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                           </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.51</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.04</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.02</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.08</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.03</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.14</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.66</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.85</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.17</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.22</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.31</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1>&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;
</font></u><font size=1>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>107</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per share data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="57%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="6%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>19</font><small>.</small></b></p> </td>

        <td width="93%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>QUARTERLY</small> <small>FINANCIAL</small> <small>DATA</small> <small>(</small><font size=2>Unaudited</font><small>)</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The amounts presented for the first three quarters are not equal to the same amounts previously reported in Form 10-Q for each period as a result of discontinued operations. Below is the reconciliation to the amounts previously reported in Form </font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:justify;'><font size=2>10-Q:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Quarter Ended</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>March 31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>June 30,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>September 30,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues previously reported</font>                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>114,094</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,853</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>116,207</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(660</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(756</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised rental and other revenues</font>                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,434</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,015</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,451</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations previously reported</font>                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,773</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,907</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,721</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(237</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(327</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(204</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from continuing operations</font>                                                                                                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,536</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,580</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,517</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations previously reported</font>                                                                               </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,870</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,076</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,990</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Additional discontinued operations from properties sold subsequent </font><br> <font size=2>to the respective reporting period</font>                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>237</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>327</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>204</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from discontinued operations</font>                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,107</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,403</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,194</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="11" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Quarter Ended</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>March 31,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>June 30,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>September 30,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues previously reported</font>                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>105,462</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>105,146</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>107,580</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,111</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(911</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,330</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(583</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,029</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised rental and other revenues</font>                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>104,551</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>103,816</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>106,997</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,082</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations previously reported</font>             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,369</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,320</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,946</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,878</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(358</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(759</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(107</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(554</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from continuing operations</font>                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,011</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,561</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,839</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,324</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations previously reported</font>                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,189</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>969</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,494</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,580</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Additional discontinued operations from properties sold</font><br> <font size=2>subsequent to the respective reporting period</font>                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>358</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>759</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>107</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>554</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from discontinued operations</font>                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,547</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,728</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,601</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,134</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>108</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC30"></A><font SIZE=2>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>To the Board of Directors of the General Partner of</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods Realty Limited Partnership</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have audited the accompanying consolidated balance sheets of Highwoods Realty Limited Partnership and subsidiaries (the "Operating Partnership") as of December&nbsp;31,&nbsp;2008 and 2007, and the related consolidated statements of income, partners' capital, and cash flows for each of the three years in the period ended December&nbsp;31,&nbsp;2008.&nbsp; Our audits also included the financial statement schedules listed in the Index at Item 15.&nbsp; These financial statements and financial statement schedules are the responsibility of the Operating Partnership's management.&nbsp; Our responsibility is to express an opinion on the financial statements and financial statement schedules based on our audits.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).&nbsp; Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.&nbsp; The Operating Partnership is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.&nbsp; Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Operating Partnership's internal control over financial reporting.&nbsp; Accordingly, we express no such opinion.&nbsp; An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.&nbsp; We believe that our audits provide a reasonable basis for our opinion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Highwoods Realty Limited Partnership and subsidiaries as of December&nbsp;31,&nbsp;2008 and 2007, and the results of their operations and their cash flows for each of the three years in the period ended December&nbsp;31,&nbsp;2008, in conformity with accounting principles generally accepted in the United States of America.&nbsp; Also, in our opinion, such financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly in all material respects the information set forth therein.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>/s/ Deloitte &amp; Touche LLP</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>February 27, 2009</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>109</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC31"></A><font size=2>Consolidated Balance Sheets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:center;'><font size=2>(in thousands, except unit and per unit data)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Assets:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Real estate assets, at cost:</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Land</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>352,872</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>357,841</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Buildings and tenant improvements</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,819,844</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,708,989</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Development in process</font>                                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>61,938</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>101,661</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Land held for development</font>                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>98,946</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>103,365</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,333,600</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,271,856</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.75in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Less-accumulated depreciation</font>                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(714,224</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(649,765</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:1.0in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Net real estate assets</font>                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,619,376</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,622,091</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>For-sale residential condominiums</font>                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>24,284</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Real estate and other assets, net, held for sale</font>                                                                                                                                                                                                                                                                               </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,242</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,466</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Cash and cash equivalents</font>                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,649</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,144</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,258</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Accounts receivable, net of allowance of $1,281 and $935, respectively</font>                                                                                                                          </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>23,687</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>23,521</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Notes receivable, net of allowance of $459 and $68, respectively</font>                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,602</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,226</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Accrued straight-line rents receivable, net of allowance of $2,082 and $440, </font><br> <font size=1>respectively</font>                                                                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>79,979</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>74,427</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Investment in unconsolidated affiliates</font>                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>66,517</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>56,891</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Deferred financing and leasing costs, net of accumulated amortization of $52,586</font><br> <font size=1>and $48,360, respectively</font>                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>73,216</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>72,188</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Prepaid expenses and other assets</font>                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>37,046</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>41,954</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:1.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>Total Assets</font>                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,944,856</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,925,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Liabilities, Minority Interest, Redeemable Operating Partnership Units and</font></b><br> <b><font size=1>Partners&#146; Capital:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,604,685</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,641,987</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Accounts payable, accrued expenses and other liabilities</font>                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>135,606</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>157,726</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>34,174</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>35,071</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:1.0in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Total Liabilities</font>                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,774,465</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,834,784</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Commitments and Contingencies (see Note 14)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Minority interest in consolidated affiliates</font>                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,176</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,804</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Redeemable Operating Partnership Units:</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Common Units, 4,067,163 and 4,057,003 outstanding at December&nbsp;31,&nbsp;2008</font><br> <font size=1>and 2007, respectively</font>                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>111,278</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>119,195</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Series A Preferred Units (liquidation preference $1,000 per unit), 29,092</font><br> <font size=1>and 82,937 shares issued and outstanding at December&nbsp;31,&nbsp;2008</font><br> <font size=1>and 2007, respectively</font>                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>29,092</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>82,937</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Series B Preferred Units (liquidation preference $25 per unit), 2,100,000</font><br> <font size=1>shares issued and outstanding at both December&nbsp;31,&nbsp;2008 and 2007</font>                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>52,500</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>52,500</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:1.0in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Total Redeemable Operating Partnership Units</font>                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>192,870</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>254,632</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Partners&#146; Capital:</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Common Units:</font></p> </td>

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:1.0in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>General partner Common Units, 672,301 and 608,154 outstanding at </font><br> <font size=1>December&nbsp;31,&nbsp;2008 and 2007, respectively</font>                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9,759</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,305</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:1.0in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Limited partner Common Units, 62,490,596 and 56,150,230 outstanding </font><br> <font size=1>at December&nbsp;31,&nbsp;2008 and 2007, respectively</font>                                                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>966,378</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>822,217</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Accumulated other comprehensive loss</font>                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(4,792</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(938</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:1.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Partners&#146; Capital</font>                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>971,345</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>829,584</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:1.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>Total Liabilities, Minority Interest, Redeemable Operating </font><br> <font size=1>Partnership Units and Partners&#146; Capital</font>                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,944,856</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,925,804</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>110</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC32"></A><font size=2>Consolidated Statements of Income</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands, except per unit amounts)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Operating expenses: </font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental property and other expenses</font>                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>165,583</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>152,926</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146,224</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>126,767</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>120,254</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,983</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Impairment of assets held for use</font>                                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,846</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>789</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>General and administrative</font>                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>38,187</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,930</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,100</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total operating expenses</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>363,383</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>315,899</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>294,307</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Interest expense: </font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Contractual</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92,858</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>93,911</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,193</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Amortization of deferred financing costs</font>                                                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,716</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,415</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,375</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,918</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,930</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,162</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>98,492</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,256</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,730</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Other income/(expense): </font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest and other income</font>                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,766</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,382</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,526</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Settlement of tenant bankruptcy claim</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,581</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Loss on debt extinguishments</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(494</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,766</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,382</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,613</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income before disposition of property and condominiums, insurance gain,</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>minority interest and equity in earnings of unconsolidated affiliates</font></b>                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,894</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,673</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,880</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net gains on disposition of property</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>781</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,418</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,157</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gains on for-sale residential condominiums</font>                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,617</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gain from property insurance settlement</font>                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,128</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Minority interest</font>                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,041</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(679</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(605</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Equity in earnings of unconsolidated affiliates</font>                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,811</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,322</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,427</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income from continuing operations</font></b>                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,062</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,862</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,859</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Discontinued operations:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,895</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,877</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,808</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Net gains on sales of discontinued operations</font>                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,485</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,477</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,640</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,380</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,354</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,448</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,442</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,216</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,307</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions on preferred units</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of preferred unit redemption/repurchase cost over carrying value</font>                         </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Net income available for common unitholders</font></b>                                                                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,530</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,454</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,441</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common unit - basic:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.29</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                  </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.33</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.30</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.63</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Weighted average common units outstanding - basic</font>                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,365</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60,225</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59,273</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per common unit - diluted:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.27</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                  </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.32</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.28</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.61</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Weighted average common units outstanding - diluted</font>                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,829</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,138</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60,953</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Distributions declared per common unit</font>                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.70</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>111</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC33"></A><font size=2>Consolidated Statements of Partners&#146; Capital</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands, except unit amounts)</font></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>For the Years Ended December 31, 2008, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Common Units</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:
3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Deferred</font></b><br> <b><font size=1>Compen-</font></b><br> <b><font size=1>sation</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accum</font></b><br> <b><font size=1>Other</font></b><br> <b><font size=1>Compre-</font></b><br> <b><font size=1>hensive</font></b><br> <b><font size=1>Loss</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b><br> <b><font size=1>Partners&#146;</font></b><br> <b><font size=1>Capital</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>General</font></b><br> <b><font size=1>Partners&#146;</font></b><br> <b><font size=1>Capital</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Limited</font></b><br> <b><font size=1>Partners&#146;</font></b><br> <b><font size=1>Capital</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance at December 31, 2005</font></b>                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,724</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>863,585</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,936</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,212</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>866,161</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Reversal of unvested deferred compensation as</font><br> <font size=2>a result of the adoption of SFAS No. 123 (R)</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(40</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,896</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,936</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Issuances of Common Units</font>                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,377</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,805</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Redemptions of Common Units</font>                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(265</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(26,217</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(26,482</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions paid on Common Units</font>                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,011</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(100,077</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(101,088</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions paid on Preferred Units</font>                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(171</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(16,892</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Adjustment of Redeemable Common Units to </font><br> <font size=2>fair value and contributions/distributions </font><br> <font size=2>from/to the General Partner</font>                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(372</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(36,862</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(37,234</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Amortization of restricted stock and stock options</font>                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,693</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,730</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Comprehensive income:</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>563</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>55,744</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,307</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other comprehensive income</font>                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>697</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>697</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total comprehensive income</font>                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,004</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance at December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2006</font></b>       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,893</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>781,455</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,515</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>787,833</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Issuances of Common Units</font>                                                                                                                 </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>71</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,996</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,067</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Redemptions of Common Units</font>                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(275</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(27,193</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(27,468</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions paid on Common Units</font>                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,030</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(101,993</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(103,023</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions paid on Preferred Units</font>                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(134</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,343</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Adjustment of Redeemable Common Units to </font><br> <font size=2>fair value and contributions/distributions </font><br> <font size=2>from/to the General Partner</font>                                                                                                      </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>788</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,040</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,828</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Amortization of restricted stock and stock options</font>                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,981</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,031</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Comprehensive income:</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>942</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>93,274</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,216</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other comprehensive income</font>                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>577</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>577</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total comprehensive income</font>                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,793</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance at December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2007</font></b>       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,305</font></p> </td>

        <td width="14" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>822,217</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(938</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>829,584</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Issuances of Common Units</font>                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,163</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>214,145</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>216,308</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Redemptions of Common Units</font>                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(33</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,260</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,293</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions paid on Common Units</font>                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,063</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(105,199</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(106,262</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions paid on Preferred Units</font>                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(98</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,706</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Adjustment of Redeemable Common Units to </font><br> <font size=2>fair value and contributions/distributions </font><br> <font size=2>from/to the General Partner</font>                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>84</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,423</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,507</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Amortization of restricted stock and stock options</font>                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>67</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,650</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,717</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Comprehensive income:</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:-10.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>334</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,108</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,442</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other comprehensive income</font>                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=2>(3,854</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,854</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total comprehensive income</font>                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,588</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:10.0pt;text-indent:-10.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Balance at December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2008</font></b>       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,759</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>966,378</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4,792</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:2pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>971,345</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-3.85%;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>112</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><A NAME="TOC34"></A><font size=2>Consolidated Statements of Cash Flows</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr
style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=top style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>

        <td nowrap valign=top style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Operating activities:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>33,442</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>94,216</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>56,307</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Adjustments to reconcile net income to net cash provided by operating activities:</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Depreciation</font>                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>112,299</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>109,538</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>103,756</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of lease commissions</font>                                                                                                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,321</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>14,318</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>14,546</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of lease incentives</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,041</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>962</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>828</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of restricted stock and stock options</font>                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,717</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,031</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,730</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of deferred financing costs</font>                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,716</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,415</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,375</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Amortization of accumulated other comprehensive loss</font>                                                                                                                          </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>181</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>577</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>697</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Impairment of assets held for use</font>                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,846</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>789</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,600</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Loss on debt extinguishments</font>                                                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>494</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net gains on disposition of property</font>                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(19,266</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(54,895</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(30,797</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Gains on disposition of for-sale residential condominiums</font>                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(5,617</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Gain from property insurance settlement</font>                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(4,128</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Minority interest</font>                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,041</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>679</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>605</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Equity in earnings of unconsolidated affiliates</font>                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(5,811</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(12,322</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(6,427</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Change in financing obligations</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>80</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>454</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,191</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions of earnings from unconsolidated affiliates</font>                                                                                                                            </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,978</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,271</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,335</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:40.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Changes in operating assets and liabilities:</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Accounts receivable</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,876</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>481</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,792</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Prepaid expenses and other assets</font>                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(352</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,148</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,608</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Accrued straight-line rents receivable</font>                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(5,963</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(7,418</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(8,592</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Accounts payable, accrued expenses and other liabilities</font>                                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(15,995</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,706</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,430</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Net cash provided by operating activities</font>                                                                                                                                        </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>157,782</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>161,526</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>145,402</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>

        <td nowrap valign=top style='background:#C6D9F1;height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Investing activities:</font></b></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='background:#C6D9F1;height:10.1pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1; height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Additions to real estate assets and deferred leasing costs</font>                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(231,422</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(287,491</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(221,948</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Proceeds from disposition of property</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>64,858</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>143,586</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>259,566</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Proceeds from property insurance settlement</font>                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,940</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Proceeds from for-sale residential condominiums</font>                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>27,140</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions of capital from unconsolidated affiliates</font>                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,214</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>19,164</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,506</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net repayments of notes receivable</font>                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,624</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,918</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,361</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Contributions to unconsolidated affiliates</font>                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(12,741</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(4,716</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Cash assumed upon consolidation of unconsolidated affiliate</font>                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>645</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Changes in restricted cash and other investing activities</font>                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,984</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(30,259</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,749</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Net cash (used in)/provided by investing activities</font>                                                                                         </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(134,343</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(151,858</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>63,779</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:10.1pt'>

        <td nowrap valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Financing activities:</font></b></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='height:10.1pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style=' height:10.1pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions on Common Units</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(106,262</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(103,023</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(101,088</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Redemption of Preferred Units</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(52,499</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(62,256</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(50,000</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions on Preferred Units</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(9,804</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(13,477</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(17,063</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Distributions to minority partner in consolidated affiliate</font>                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,293</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(2,404</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(737</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net proceeds from the sale of Common Units</font>                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>209,984</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,067</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>42,805</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Redemptions of Common Units</font>                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,293</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(27,468</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(26,482</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Borrowings on revolving credit facility</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>462,183</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>393,800</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>650,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Payments on revolving credit facility</font>                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(526,983</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(527,500</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(479,000</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Borrowings on mortgages and notes payable</font>                                                                                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>192,300</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>429,786</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>79,762</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Repayments of mortgages and notes payable</font>                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(173,259</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(118,462</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(289,188</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Payments on financing obligations</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(977</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(913</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(863</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Contributions from minority interest partner</font>                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>625</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,651</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>760</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Additions to deferred financing costs and other financing activities</font>                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(1,656</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,163</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(3,219</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=1>Net cash used in financing activities</font>                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(12,934</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(22,362</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(194,313</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>Net increase/(decrease) in cash and cash equivalents</font>                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,505</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(12,694</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>14,868</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Cash and cash equivalents at beginning of the period</font>                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,144</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,838</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>970</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>Cash and cash equivalents at end of the period</font>                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,649</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,144</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,838</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>113</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>Consolidated Statements of Cash Flows - Continued</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Supplemental disclosure of cash flow information:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr
style='height:11.5pt'>

        <td nowrap valign=top style=' height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; height:11.5pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; height:11.5pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><font size=2>Cash paid for interest, net of amounts capitalized (excludes cash distributions to owners of sold </font><br> <font size=2>properties accounted for as financings of $1,579, $2,148 and $1,614 for </font><br> <font size=2>2008, 2007 and 2006, respectively)</font>                                                                                                                                                                              </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>97,518</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>88,847</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>96,187</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr>

        <td width="499" ></td>

        <td width="12" ></td>

        <td width="12" ></td>

        <td width="56" ></td>

        <td width="12" ></td>

        <td width="12" ></td>

        <td width="54" ></td>

        <td width="12" ></td>

        <td width="12" ></td>

        <td width="56" ></td>

        <td width="12" ></td> </tr> </table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Supplemental disclosure of non-cash investing and financing activities: </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr
style='height:11.5pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:11.5pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style=' height:11.5pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Assets:</font></b></p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Net real estate assets</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

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<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,251</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

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<p style='margin-left:0pt;text-indent:4.7pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,409</font></p> </td>

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<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

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<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,852</font></p> </td>

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<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,865</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Accounts receivable</font>                                                                                                                                                                                                                                                                                                                                               </p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>102</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Notes receivable</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Accrued straight-line rents receivable</font>                                                                                                                                                                                                                                      </p> </td>

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<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>962</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Investment in unconsolidated affiliates</font>                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,342</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,938</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Deferred leasing costs, net</font>                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>287</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Prepaid and other</font>                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:10.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,621</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:100.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,630</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,780</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,400</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><b><font size=2>Liabilities:</font></b></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,349</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,076</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Accounts payable, accrued expenses and other liabilities</font>                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,992</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,652</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Financing obligation</font>                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,048</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,341</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,472</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font size=2>Minority Interest and Partners&#146; Capital</font></b>                                                                                                                                                        </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,289</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,757</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,928</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:-.3pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="55" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>See accompanying notes to consolidated financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>114</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC35"></A><font SIZE=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="68%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Description of Business </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Highwoods Realty Limited Partnership, together with its consolidated subsidiaries (the &#147;Operating Partnership&#148;), is managed by its sole general partner, Highwoods Properties, Inc. (the &#147;Company&#148;), a fully-integrated, self-administered and self-managed equity real estate investment trust (&#147;REIT&#148;) that operates in the southeastern and midwestern United States. The Company conducts virtually all of its activities through the Operating Partnership. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>At December&nbsp;31,&nbsp;2008, the Company owned all of the preferred partnership interests (&#147;Preferred Units&#148;) and 63.6 million, or 94.0%, of the common partnership interests (&#147;Common Units&#148;) in the Operating Partnership. Limited partners (including certain officers and directors of the Company) own the remaining 4.1 Common Units. Generally, the Operating Partnership is required to redeem each Common Unit at the request of the holder thereof for cash equal to the value of one share of the Company&#146;s Common Stock, $.01 par value (the &#147;Common Stock&#148;), based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company at its option may elect to acquire any such Common Units presented for redemption for cash or one share of Common Stock. The Common Units owned by the Company
are not redeemable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2008, the Company redeemed 106,613 Common Units for $3.3 million in cash, redeemed 66,814 Common Units for a like number of shares of Common Stock, contributed $195.0 million from the sale of Common Stock to the Operating Partnership in exchange for 5.5 million additional Common Units and caused the issuance by the Operating Partnership of183,587 Common Units as part of the consideration to acquire a 135,000 square foot office building in Memphis, TN. The net impact of the above activity increased the percentage of Common Units owned by the Company from 93.3% at December&nbsp;31,&nbsp;2007 to 94.0% at December&nbsp;31,&nbsp;2008. In&nbsp;2007, the Company redeemed 620,361 Common Units for $27.5 million in cash and redeemed 55,836 Common Units for a like number of shares of Common Stock, which increased the percentage of Common Units owned by the Company from 92.2% at
December&nbsp;31,&nbsp;2006 to 93.3% at December&nbsp;31,&nbsp;2007. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, the Company and/or the Operating Partnership wholly owned: 311 in-service office, industrial and retail properties; 96 rental residential units; 580 acres of undeveloped land suitable for future development, of which 490 acres are considered core holdings; and an additional eight office and industrial properties under development and 74 for-sale condominiums. In addition, we owned interests (50.0% or less) in 72 in-service office and industrial properties and 418 rental residential units, which includes a 12.5% interest in a 261,000 square foot office property directly owned by the Company and thus is included in the Company&#146;s Consolidated Financial Statements, but not included in the Operating Partnership&#146;s Consolidated Financial Statements. Five of the 50.0% or less owned in-service office properties are consolidated as more fully described
below and in Notes 2 and 3 to our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Basis of Presentation </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Consolidated Financial Statements are prepared in conformity with accounting principles</font><font size=1> </font><font size=2>generally accepted in the United States of America</font><font size=1> </font><font size=2>(&#147;GAAP&#148;).</font><font size=1> </font><font size=2>As more fully described below and in Notes 4 and 11, the</font><font size=1> </font><font size=2>Consolidated Balance Sheet at December&nbsp;31,&nbsp;2007 and the Consolidated Statements of Income for the years ended December&nbsp;31,&nbsp;2007 and 2006 were reclassified from previously reported amounts to reflect in real estate and other assets, net, held for sale and in discontinued operations the assets and operations for those properties sold or held for sale in 2008 which qualified for discontinued operations presentation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>115</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Consolidated Financial Statements include wholly owned subsidiaries and those subsidiaries in which we own a majority voting interest with the ability to control operations of the subsidiaries and where no substantive participating rights or substantive kick out rights have been granted to the minority interest holders. We consolidate partnerships, joint ventures and limited liability companies when we control the major operating and financial policies of the entity through majority ownership or in our capacity as general partner or managing member. In addition, we consolidate those entities, if any, where we are deemed to be the primary beneficiary in a variable interest entity. All significant intercompany transactions and accounts have been eliminated.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Use of Estimates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Real Estate and Related Assets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Real estate and related assets are recorded at cost and stated at cost less accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance and repairs are charged to operating expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of 40 years for buildings and depreciable land infrastructure costs, 15 years for building improvements and five to seven years for furniture, fixtures and equipment. Tenant improvements are amortized using the straight-line method over initial fixed terms of the respective leases, which generally are from three to 10 years.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Expenditures directly related to the development and construction of real estate assets are included in net real estate assets and are stated at depreciated cost in our Consolidated Balance Sheets. Development expenditures include pre-construction costs essential to the development of properties, development and construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. Interest and other carrying costs are capitalized until the building is ready for its intended use. We consider a construction project as substantially completed and ready for its intended use upon the completion of tenant improvements. Interest and other carrying costs are capitalized until the building is ready for its intended use, but not later than one year from cessation of major construction activity. We cease capitalization on the
portion that is substantially completed and occupied or held available for occupancy, and capitalize only those costs associated with the portion under construction.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Expenditures directly related to the leasing of properties are included in deferred leasing costs and are stated at amortized cost in our Consolidated Balance Sheets. All leasing commissions paid to third parties for new leases or lease renewals are capitalized. Internal leasing costs include primarily compensation, benefits and other costs, such as legal fees related to leasing activities, which are incurred in connection with successfully securing leases of properties. Capitalized leasing costs are amortized on a straight-line basis over the initial fixed terms of the respective leases, which generally are from three to 10 years. At December&nbsp;31,&nbsp;2008 and 2007, gross deferred leasing costs were $111.1 million and $106.4 million, respectively, and accumulated amortization was $44.8 million and $43.0 million, respectively. Estimated costs related to unsuccessful activities are
expensed as incurred. Changes in our estimates regarding the successful efforts of leasing could result in changes that impact earnings.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>116</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We record liabilities for the performance of asset retirement activities when the obligation to perform such activities is unconditional, whether or not the timing or method of settlement of the obligation may be conditional on a future event. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Upon the acquisition of real estate assets, we assess the fair value of acquired tangible assets such as land, buildings and tenant improvements, intangible assets such as above and below market leases, acquired in-place leases and other identified intangible assets and assumed liabilities. We allocate the purchase price to the acquired assets and assumed liabilities based on their relative fair values. We assess and consider fair value based on estimated cash flow projections that utilize appropriate discount and/or capitalization rates as well as available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Above and below market leases acquired are recorded in prepaid expenses and other assets or in accounts payable, accrued expenses and other liabilities at their fair value. Fair value is calculated as the present value of the difference between (1) the contractual amounts to be paid pursuant to each in-place lease and (2) our estimate of fair market lease rates for each corresponding in-place lease, using a discount rate that reflects the risks associated with the leases acquired and measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining term of the respective leases and the capitalized below-market lease values are amortized as an increase
to base rental revenue over the remaining term of the respective leases and any below market option periods. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In-place leases acquired are recorded at their fair value in net real estate assets and are amortized to depreciation and amortization expense over the remaining term of the respective lease. The value of in-place leases is based on our evaluation of the specific characteristics of each tenant&#146;s lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, current market conditions and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider tenant improvements, leasing commissions and legal and other related expenses. The value of in-place leases is amortized to depreciation and
amortization expense over the remaining term of the respective leases. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The value of a tenant relationship is based on our overall relationship with the respective tenant. Factors considered include the tenant&#146;s credit quality and expectations of lease renewals. The value of a tenant relationship is amortized to depreciation and amortization expense over the initial term and any renewal periods defined in the respective leases. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Real estate and other assets are classified as long-lived assets held for sale or as long-lived assets to be held for use. Real estate is classified as held for sale when we believe a sale is probable. We believe a sale is probable when we execute a legally enforceable contract on terms that have been approved by the Company&#146;s Board or a committee thereof and the probable buyer&#146;s due diligence investigation period, if any, has expired. This determination requires us to make estimates and assumptions, including assessing the probability that potential sales transactions may or may not occur. Actual results could differ from those assumptions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>117</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Impairment of Long-Lived Assets</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>With respect to assets classified as held for use, if events or changes in circumstances, such as a significant decline in occupancy and change in use, indicate that the carrying value may be impaired, an impairment analysis is performed. Such analysis consists of determining whether the asset&#146;s carrying amount will be recovered from its undiscounted estimated future operating cash flows, including estimated residual cash flows. These cash flows are estimated based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates and costs to operate each property. If the carrying amount of a held for use asset exceeds the sum of its undiscounted future operating and residual cash flows, an impairment loss is recorded for the difference between estimated fair value of the
asset and the carrying amount. We generally estimate the fair value of assets held for use by using discounted cash flow analysis. In some instances, appraisal information may be available and is used in addition to the discounted cash flow analysis. As the factors used in generating these cash flows are difficult to predict and are subject to future events that may alter our assumptions, the discounted and/or undiscounted future operating and residual cash flows estimated by us in our impairment analyses or those established by appraisal may not be achieved and we may be required to recognize future impairment losses on our properties held for sale and held for use.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We record assets held for sale at the lower of the carrying amount or estimated fair value. Fair value of assets held for sale is equal to the estimated or contracted sales price with a potential buyer, less costs to sell. The impairment loss is the amount by which the carrying amount exceeds the estimated fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>With respect to investments in unconsolidated affiliates, if events or changes in circumstances, such as a significant decline in occupancy, degradation of economic conditions or change in use, indicate that the carrying value may be impaired, an impairment analysis is performed. Such analysis consists of determining whether a loss in value of an investment which is other than a temporary decline should be recorded. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Sales of Real Estate</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For sales transactions meeting the requirements for full profit recognition, the related assets and liabilities are removed from the balance sheet and the resultant gain or loss is recorded in the period the transaction closes. For sales transactions with continuing involvement after the sale, if the continuing involvement with the property is limited by the terms of the sales contract, profit is recognized at the time of sale and is reduced by the maximum exposure to loss related to the nature of the continuing involvement. Sales to entities in which we have or receive an interest are accounted for using partial sale accounting.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For transactions that do not meet the criteria for a sale, we evaluate the nature of the continuing involvement, including put and call provisions, if present, and account for the transaction as a financing arrangement, profit-sharing arrangement, leasing arrangement or other alternate method of accounting, rather than as a sale, based on the nature and extent of the continuing involvement. Some transactions may have numerous forms of continuing involvement. In those cases, we determine which method is most appropriate based on the substance of the transaction. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>118</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If we have an obligation to repurchase the property at a higher price or at a future indeterminable value (such as fair market value), or we guarantee the return of the buyer&#146;s investment or a return on that investment for an extended period, we account for such transaction as a financing arrangement. For transactions treated as financing arrangements, we record the amounts received from the buyer as a financing obligation and continue to keep the property and related accounts recorded in our Consolidated Financial Statements. The results of operations of the property, net of expenses other than depreciation (net operating income), are reflected as interest expense on the financing obligation. If the transaction includes an obligation or option to repurchase the asset at a higher price, additional interest is recorded to accrete the liability to the repurchase price. For options or
obligations to repurchase the asset at fair market value at the end of each reporting period, the balance of the liability is adjusted to equal the then current fair value to the extent fair value exceeds the original financing obligation. The corresponding debit or credit is recorded to a related discount account and the revised debt discount is amortized over the expected term until termination of the option or obligation. If it is unlikely such option will be exercised, the transaction is accounted for under the deposit method or profit-sharing method. If we have an obligation or option to repurchase at a lower price, the transaction is accounted for as a leasing arrangement. At such time as these repurchase obligations expire, a sale will be recorded and gain recognized. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>If we retain an interest in the buyer and provide certain rent guarantees or other forms of support where the maximum exposure to loss exceeds the gain, we account for such transaction as a profit-sharing arrangement. For transactions treated as profit-sharing arrangements, we record a profit-sharing obligation for the amount of equity contributed by the other partner and continue to keep the property and related accounts recorded in our Consolidated Financial Statements. The results of operations of the property, net of expenses other than depreciation (net operating income), are allocated to the other partner for its percentage interest and reflected as &#147;co-venture expense&#148; in our Consolidated Financial Statements. In future periods, a sale is recorded and profit is recognized when the remaining maximum exposure to loss is reduced below the amount of gain deferred.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Lease Incentives</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Lease incentive costs, which are payments made to or on behalf of a tenant as an incentive to sign the lease, are capitalized in deferred leasing costs and amortized on a straight-line basis over the respective lease terms as a reduction of rental revenues.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Discontinued Operations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Properties that are sold or classified as held for sale are classified as discontinued operations provided that (1) the operations and cash flows of the property will be eliminated from our ongoing operations and (2) we will not have any significant continuing involvement in the operations of the property after it is sold. Interest expense is included in discontinued operations if the related loan securing the sold property is paid off or assumed by the buyer in connection with the sale. If the property is sold to a joint venture in which we retain an interest, the property will not be accounted for as a discontinued operation due to our significant ongoing interest in the operations through our joint venture interest. If we are retained to provide property management, leasing and/or other services for the property owner after the sale, the property generally will be accounted for as a
discontinued operation because the expected cash flows related to our management and leasing activities will generally not be significant in comparison to the cash flows from the property prior to sale.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>119</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Minority Interest </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Minority interest in consolidated affiliates relates to our respective joint venture partners&#146; 50.0% interest in Highwoods-Markel Associates, LLC (&#147;Markel&#148;), 7.0% interest in Real Estate Exchange Services (&#147;REES&#148;), which was effectively dissolved in July 2008, and estimated 25.0% economic interest in Plaza Residential, LLC. Each of our joint venture partners is an unrelated third party. We consolidate Markel since we are the general partner and control the major operating and financial policies of the partnership. We consolidate REES and Plaza Residential since we own the majority interest in and effectively control each joint venture.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The organizational documents of Markel require the entity to be liquidated through the sale of its assets upon reaching December&nbsp;31,&nbsp;2100. As controlling partner, we have an obligation to cause this property-owning entity to distribute proceeds of liquidation to the minority interest partner in these partially owned properties only if the net proceeds received by the entity from the sale of our assets warrant a distribution as determined by the agreement. We estimate the value of minority interest distributions would have been approximately $15.3 million had the entity been liquidated as of December&nbsp;31,&nbsp;2008. This estimated settlement value is based on estimated third party consideration realizable by the entity upon a hypothetical disposition of the properties and is net of all other assets and liabilities. The actual amount of any distributions to the minority
interest holder in this entity is difficult to predict due to many factors, including the inherent uncertainty of real estate sales. If the entity&#146;s underlying assets are worth less than the underlying liabilities on the date of such liquidation, we would have no obligation to remit any consideration to the minority interest holder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Investments in Unconsolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We account for our investments in less than majority owned joint ventures, partnerships and limited liability companies under the equity method of accounting when our interests represent a general partnership interest but substantive participating rights or substantive kick out rights have been granted to the limited partners or when our interests do not represent a general partnership interest and we do not control the major operating and financial policies of the entity. These investments are initially recorded at cost, as investments in unconsolidated affiliates, and are subsequently adjusted for our share of earnings and cash contributions and distributions. To the extent our cost basis at formation of the joint venture is different than the basis reflected at the joint venture level, the basis difference is amortized over the life of the related asset and included in our share of
equity in earnings of unconsolidated affiliates.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>From time to time, we contribute real estate assets to a joint venture in exchange for a combination of cash and an equity interest in the venture. We assess whether we have continuing involvement in the joint venture and account for the transaction according to the nature and extent of such involvement. If substantially all the risks and rewards of ownership have transferred and there are no other activities which would represent continuing involvement with the property, a gain is recognized to the extent of the third party investor&#146;s interest and we account for our interest in the joint venture under the equity method of accounting as an unconsolidated affiliate as described in the preceding paragraph. If substantially all the risks and rewards of ownership of the property have not transferred or there are activities which would represent continuing involvement with the property,
the transaction is accounted for as a financing or profit-sharing arrangement, leasing arrangement or other alternate method of accounting other than as a sale. See also &#147;Sales of Real Estate&#148; above.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>120</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Additionally, the joint ventures will frequently borrow funds on their own behalf to finance the acquisition of, and/or leverage the return upon, the properties being acquired by the joint ventures or to build or acquire additional buildings. Such borrowings are typically on a non-recourse or limited recourse basis. We generally are not liable for the debts of our joint ventures, except to the extent of our equity investment, unless we have directly guaranteed any of that debt (see Note 14 for further discussion). In most cases, we and/or our joint venture partners are required to agree to customary limited exceptions on non-recourse loans.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Rental and Other Revenues</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In accordance with GAAP, rental revenue is recognized on a straight-line basis over the terms of the respective leases. This means that, with respect to a particular lease, actual amounts billed in accordance with the lease during any given period may be higher or lower than the amount of rental revenue recognized for the period. Straight-line rental revenue is commenced when the tenant assumes possession of the leased premises. Accrued straight-line rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Termination fees are recognized as revenue when the following four conditions are met: a fully executed lease termination agreement has been delivered; the tenant has vacated the space; the amount of the fee is determinable; and collectibility of the fee is reasonably assured.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Property operating cost recoveries from tenants (or cost reimbursements) are determined on a lease-by-lease basis. The most common types of cost reimbursements in our leases are common area maintenance (&#147;CAM&#148;) and real estate taxes, where the tenant pays its pro-rata share of operating and administrative expenses and real estate taxes.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The computation of property operating cost recovery income from tenants is complex and involves numerous judgments, including the interpretation of terms and other tenant lease provisions. Leases are not uniform in dealing with such cost reimbursements and there are many variations in the computation. Many tenants make monthly fixed payments of CAM, real estate taxes and other cost reimbursement items. We record these payments as income each month. We make accrual adjustments, positive or negative, to cost recovery income to adjust the recorded amounts to our best estimate of the final amounts to be billed and collected with respect to the cost reimbursements quarterly. After the end of the calendar year, we compute each tenant&#146;s final cost reimbursements and, after considering amounts paid by the tenants during the year, issue a bill or credit for the appropriate amount to the
tenant. The differences between the amounts billed less previously received payments and the accrual adjustment are recorded as increases or decreases to cost recovery income when the final bills are prepared, which occurs during the first half of the subsequent year. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Allowance for Doubtful Accounts</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. Our total receivables balance related to our tenants is comprised primarily of rents and operating cost recoveries as well as accrued straight-line rents receivable. We regularly evaluate the adequacy of our allowance for doubtful accounts. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of the tenant, historical trends of the tenant and/or other debtor and changes in customer payment terms. Additionally, with respect to tenants in bankruptcy, we estimate the expected recovery through bankruptcy claims and increase the allowance for amounts deemed uncollectible. If our assumptions regarding the collectibility of accounts receivable and accrued straight-line rents receivable prove incorrect, we could experience
write-offs of accounts receivable or accrued straight-line rents receivable in excess of our allowance for doubtful accounts.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Cash Equivalents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We consider highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>121</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Restricted Cash</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Restricted cash represents cash deposits that are legally restricted or held by third parties on our behalf. They include security deposits from sales contracts on for-sale residential condominiums, construction-related escrows, property disposition proceeds set aside and designated or intended to fund future tax-deferred exchanges of qualifying real estate investments, escrows and reserves for debt service, real estate taxes and property insurance established pursuant to certain mortgage financing arrangements, and deposits given to lenders to unencumber secured properties.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Redeemable Common Units and Preferred Units</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Limited partners holding Common Units other than the Company (&#147;Redeemable Common Units&#148;) have the right to put any and all of the Common Units to the Operating Partnership and the Company has the right to put any and all of the Preferred Units to the Operating Partnership in exchange for their liquidation preference plus accrued and unpaid distributions in the event of a corresponding redemption by the Company of the underlying Preferred Stock. Consequently, these Redeemable Common Units and Preferred Units are classified outside of permanent partners&#146; capital in the accompanying balance sheet. The recorded value of the Redeemable Common Units is based on fair value at the balance sheet date as measured by the closing price of Common Stock on that date multiplied by the total number of Redeemable Common Units outstanding. The recorded value of the Preferred Units is based
on their redemption value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Income Taxes</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company has elected and expects to continue to qualify as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). A corporate REIT is a legal entity that holds real estate assets and, through the payment of dividends to stockholders, is generally permitted to reduce or avoid the payment of federal and state income taxes at the corporate level. To maintain qualification as a REIT, the Company is required to pay dividends to its stockholders equal to at least 90.0% of its annual REIT taxable income, excluding capital gains. Under temporary IRS regulations, for 2009, distributions can be paid partially using a REIT&#146;s freely tradable stock so long as stockholders have the option of receiving at least 10% of the total distribution in cash. The partnership agreement requires the Operating Partnership to pay economically equivalent
distributions on outstanding Common Units at the same time that the Company pays dividends on its outstanding Common Stock. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The minimum dividend per share of Common Stock required for the Company to maintain its REIT status (excluding any net capital gains) was $0.76 per share in 2008 and $0.54 per share in 2007. Continued qualification as a REIT depends on the Company&#146;s ability to satisfy the dividend distribution tests, stock ownership requirements and various other qualification tests prescribed in the Code. We conduct certain business activities through a taxable REIT subsidiary, as permitted under the Code. The taxable REIT subsidiary is subject to federal and state income taxes on its taxable income. We record provisions for income taxes based on its income recognized for financial statement purposes, including the effects of temporary differences between such income and the amount recognized for tax purposes. Additionally, beginning January&nbsp;1,&nbsp;2007, we began to recognize and measure the
effects of uncertain tax positions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The tax basis of our assets (net of accumulated tax depreciation and amortization) and liabilities was approximately $2.4 billion and $1.7 billion, respectively, at December&nbsp;31,&nbsp;2008 and was approximately $2.3 billion and $1.8 billion, respectively, at December&nbsp;31,&nbsp;2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Other than income taxes related to its taxable REIT subsidiary, the Operating Partnership does not reflect any income taxes in its financial statements, since as a partnership the taxable effects of its operations are attributed to its partners.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>122</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>




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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Concentration of Credit Risk</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We perform ongoing credit evaluations of our tenants. As of December&nbsp;31,&nbsp;2008, the properties (excluding residential units) to which we directly or indirectly hold title and have all of the ownership rights (the &#147;Wholly Owned Properties&#148;) were leased to 1,825 tenants in nine primary geographic locations. The geographic locations that comprise greater than 10% of our annualized cash rental revenue are North Carolina, Georgia, Tennessee, Florida and Missouri. Our tenants engage in a wide variety of businesses. No single tenant of the Wholly Owned Properties generated more than 7.5% of our consolidated revenues during 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Derivative Financial Instruments</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our interest rate risk management objectives are to limit the impact of interest rate changes on earnings and cash flows and to lower overall borrowing costs. To achieve these objectives, from time to time we may enter into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate interest rate risk with respect to various debt instruments. We generally do not hold these derivatives for trading or speculative purposes. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We recognize all derivatives on the balance sheet at fair value. On the date that we enter into a derivative contract, we designate the derivative as (1) a hedge of the variability of cash flows that are to be received or paid in connection with a recognized liability (a &#147;cash flow&#148; hedge), (2) a hedge of changes in the fair value of an asset or a liability attributable to a particular risk (a &#147;fair value&#148; hedge) or (3) an instrument that is held as a non-hedge derivative. Changes in the fair value of highly effective cash flow hedges, to the extent that the hedges are effective, are recorded in Accumulated Other Comprehensive Loss (&#147;AOCL&#148;), until earnings are affected by the hedged transaction (i.e., until periodic settlements of a variable-rate liability are recorded in earnings). Any hedge ineffectiveness (which represents the amount by which the changes
in the fair value of the derivative exceed the variability in the cash flows of the transaction) is recorded in current-period earnings. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in current-period earnings. Changes in the fair value of non-hedging instruments are reported in current-period earnings.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To determine the fair value of derivative instruments, we use a variety of methods and assumptions that are based on market conditions and risks existing at each balance sheet date. For the majority of financial instruments, including most derivatives, standard market conventions and techniques such as discounted cash flow analysis, option pricing models, replacement cost and termination cost are used to determine fair value. All methods of assessing fair value result in an approximation of value, and such value may never be realized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We formally document all relationships between hedging instruments and hedged items as well as our risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives that are designated as cash flow hedges to (1) specific assets and liabilities on the balance sheet or (2) forecasted transactions. We also assess and document, both at the hedging instrument&#146;s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows associated with the hedged items. When we determine that a derivative is not (or has ceased to be) highly effective as a hedge, we discontinue hedge accounting prospectively. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are exposed to certain losses in the event of nonperformance by the counterparty under any outstanding hedge contracts. We expect the counter parties, which are major financial institutions, to perform fully under any such contracts. However, if any counterparty were to default on its obligation under an interest rate hedge contract, we could be required to pay the full rates on our debt, even if such rates were in excess of the rate in the contract. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>123</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Earnings Per Unit</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Basic earnings per unit is computed by dividing net income available for common unitholders by the weighted average number of Common Units outstanding. Diluted earnings per share is computed by dividing net income available for common stockholders plus minority interest in the Operating Partnership by the weighted average number of Common Units plus the dilutive effect of options, warrants and convertible securities outstanding, including Common Units, using the treasury stock method. Earnings per unit data is required for all periods for which an income statement or summary of earnings is presented, including summaries outside the basic financial statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Recently Issued Accounting Standards</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In December 2007, the FASB issued SFAS No. 141(R), &#147;Business Combinations&#148; (&#147;SFAS No. 141(R)&#148;), which addresses principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree. SFAS No. 141(R) becomes effective for us on January&nbsp;1,&nbsp;2009. SFAS No. 141(R) will reduce the capitalizable costs for any qualifying acquisitions subsequent to January&nbsp;1,&nbsp;2009. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In December 2007, the FASB issued SFAS No. 160, &#147;Noncontrolling Interests in Consolidated Financial Statements &#150; an amendment of ARB No. 51&#148; (&#147;SFAS No. 160&#148;), which establishes accounting and presentation standards for a noncontrolling interest in a subsidiary and amends certain of ARB No. 51&#146;s consolidation procedures for consistency with other business combination standards. SFAS No. 160 becomes effective for us on January&nbsp;1,&nbsp;2009. SFAS No. 160 will affect the presentation of minority interest in our Consolidated Balance Sheets, Statements of Income and Statements of Stockholders&#146; Equity for all periods presented subsequent to January&nbsp;1,&nbsp;2009. Additionally, we are currently evaluating the impact SFAS No. 160 may have on redemptions of Common Units.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On January&nbsp;1,&nbsp;2008, we adopted SFAS No. 157 for our financial assets and liabilities. Our adoption of SFAS No. 157 did not impact our financial position, results of operations or liquidity. In accordance with FASB Staff Position No. FAS 157-2, &#147;Effective Date of FASB Statement No. 157&#148; (&#147;FSP FAS 157-2&#148;), we elected to defer until January&nbsp;1,&nbsp;2009 the adoption of SFAS No. 157 for all nonfinancial assets and nonfinancial liabilities that are not recognized or disclosed at fair value in the financial statements on a recurring basis. The adoption of SFAS No. 157 for those assets and liabilities within the scope of FSP FAS 157-2 is not expected to have a material impact on our financial position, results of operations or liquidity.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March 2008, the FASB issued SFAS No. 161, &#147;Disclosures about Derivative Instruments and Hedging Activities&#148; (&#147;SFAS No. 161&#148;), which amends and expands the disclosure requirements of SFAS No. 133, &#147;Accounting for Derivative Instruments and Hedging Activities.&#148; This statement is effective for financial statements issued for fiscal years and interim periods beginning after November&nbsp;15,&nbsp;2008, with early application encouraged. SFAS No. 161 becomes effective for us on January&nbsp;1,&nbsp;2009. We will expand our disclosures related to our derivative instruments and hedging activities beginning in the first quarter of 2009 as a result of SFAS No. 161.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In June 2008, the FASB issued FSP EITF Issue No. 03-6-1,&nbsp;&#147;Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities&#148; (&#147;FSP EITF No. 03-6-1&#148;). FSP EITF No. 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share under the two-class method as described in SFAS No.&nbsp;128, &#147;Earnings per Share.&#148; FSP EITF No. 03-6-1 becomes effective for us on January&nbsp;1,&nbsp;2009. We will include our unvested restricted stock in our calculation of basic and diluted earnings per unit beginning in the first quarter of 2009 as a result of FSP EITF No. 03-6-1, which we believe will immaterially dilute our common unitholders.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>1<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DESCRIPTION</small> <small>OF</small> <small>BUSINESS</small> <small>AND</small> <small>SIGNIFICANT</small> <small>ACCOUNTING</small> <small>POLICIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In September 2008, the FASB issued FSP SFAS No. 133-1 and FIN 45-4, &#147;Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161&#148; (&#147;FSP SFAS No. 133-1 and FIN 45-4&#148;). This FSP is effective for financial statements issued for fiscal years and interim periods beginning after November&nbsp;15,&nbsp;2008, with early application encouraged. We will expand our disclosures related to our derivative instruments and guarantees within the scope of FIN 45 beginning in the first quarter of 2009 as a result of FSP SFAS No. 133-1 and FIN 45-4.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In November 2008, the FASB ratified EITF Issue No. 08-6 &#147;Equity Method Investment Accounting Considerations&#148; (&#147;EITF No. 08-6&#148;), which addresses determination of the initial carrying value of an equity method investment and subsequent determination of impairment among other issues This EITF is effective for financial statements issued for fiscal years and interim periods beginning after December&nbsp;15,&nbsp;2008, with early application prohibited. We will apply the provisions of this EITF to our equity method investments beginning in the first quarter of 2009, which we do not believe will have a material effect on our financial position.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="19%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="19%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="80%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Unconsolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have retained equity interests ranging from 22.8% to 50.0% in various joint ventures with unrelated investors. We account for these unconsolidated affiliates using the equity method of accounting. As a result, the assets and liabilities of these joint ventures for which we use the equity method of accounting are not included in our Consolidated Balance Sheets. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Investments in unconsolidated affiliates consisted of the following as of December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
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        <td valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Joint Venture</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Location of Properties</font></b></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Ownership</font></b><br> <b><font size=1>Interest</font></b></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="23" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Board of Trade Investment Company</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49.00</font></p> </td>

        <td width="22" style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kessinger/Hunter, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.50</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Plaza Colonnade, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Kansas City, MO</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dallas County Partners I, LP</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dallas County Partners II, LP</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Dallas County Partners III, LP</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Fountain Three</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Des Moines, IA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods DLF 98/29, LLC</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA; Charlotte, NC; Greensboro, NC; </font><br> <font size=2>Raleigh, NC; Orlando, FL; Baltimore, MD</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><br> <font size=2>22.81</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><br> <font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods DLF 97/26 DLF 99/32, LP</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA; Greensboro, NC; Orlando, FL</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42.93</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods KC Glenridge Office, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods KC Glenridge Land, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Atlanta, GA</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>HIW-KC Orlando, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Orlando, FL</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Concourse Center Associates, LLC</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top >
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Greensboro, NC</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50.00</font></p> </td>

        <td width="22" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Highwoods DLF Forum, LLC</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="377" valign=top style='background:#C6D9F1'>
<p style='margin-left:19.1pt;text-indent:-19.1pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Raleigh, NC</font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25.00</font></p> </td>

        <td width="22" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td  width="23">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>125</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="30%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="87%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Combined summarized financial information for our unconsolidated affiliates is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Balance Sheets:</font></b></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets:</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Real estate assets, net of accumulated depreciation</font>                                                                                                                                                                                                               </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>704,165</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>611,002</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>All other assets</font>                                                                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>112,965</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>108,899</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Assets</font>                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>817,130</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>719,901</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liabilities and Partners&#146; or Shareholders&#146; Equity:</font></b></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>603,520</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>545,198</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>All other liabilities</font>                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,826</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31,816</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Partners&#146; or shareholders&#146; equity</font>                                                                                                                                                                                </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>180,784</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>142,887</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Liabilities and Partners&#146; or Shareholders&#146; Equity</font>           </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>817,130</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>719,901</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Our share of historical partners&#146; or shareholders&#146; equity</font>                                                                                                   </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,035</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,846</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Net excess of cost of investments over the net book value of underlying net assets, net of </font><br> <font size=2>accumulated depreciation </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,009</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,238</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Carrying value of investments in unconsolidated affiliates </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                  </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,044</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>46,084</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Our share of unconsolidated non-recourse mortgage debt </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                        </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>245,108</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style=' border-bottom:double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>232,225</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:6pt;text-align:justify;'><font size=2>(1)&nbsp;&nbsp;Our share of principal payments, including amortization, due on mortgages and notes payable as of December&nbsp;31,&nbsp;2008 is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,664</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,384</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,071</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,859</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,317</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>157,813</font></p> </td>

        <td width="144" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="60" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>245,108</font></p> </td>

        <td width="144" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:6pt; margin-left:3.85%;text-align:justify;'><font size=2>We generally are not liable for any of this debt, except to the extent of our investment, unless we have directly guaranteed any of the debt (see Note 14 to our Consolidated Financial Statements). In most cases, we and/or our strategic partners are required to agree to customary limited exceptions on non-recourse loans.</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level, which is typically depreciated over the life of the related asset. In addition, certain acquisition, transaction and other costs may not be reflected in net assets at the joint venture level.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>During the third quarter of 2006, three of our Des Moines joint ventures made cash distributions aggregating $17.0 million in connection with a debt refinancing. We received 50.0% of such distributions. As a result of these distributions, our investment account in these joint ventures became negative. Although the new debt is non-recourse, we and our partner have guaranteed other debt and have contractual obligations to support the joint ventures, as discussed in Note 14. We recorded the distributions as a reduction of the
investment account and included the resulting negative investment balances of $11.7 million and $10.8 million in accounts payable, accrued expenses and other liabilities in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>126</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="30%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="87%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income Statements:</font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>156,482</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>134,908</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>127,289</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Expenses: </font></b></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Operating expenses</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>77,221</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,346</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>53,270</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization</font>                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,096</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,912</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26,759</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest expense</font>                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,204</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,290</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,742</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Loss on debt extinguishment</font>                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,448</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:80.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total expenses</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>145,521</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>119,548</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>114,219</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income before disposition of properties</font></b>                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,961</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,360</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,070</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Gains on disposition of properties</font>                                                                                                                                                                                               </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,621</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Net income</font></b>                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,961</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,981</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,070</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Our share of:</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income </font><b><font size=1>(1)</font></b><font size=2> </font>                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,811</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,322</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt;background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,427</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization of real estate assets</font>                                                                                                                            </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,582</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,749</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,821</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Interest expense</font>                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,473</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,294</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,042</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Loss on debt extinguishment</font>                                                                                                                                                                                                                                                                  </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>724</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Gains on disposition of properties</font>                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,158</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>______________</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Our share of net income differs from our weighted average ownership percentage in the joint ventures&#146; net income due to our purchase accounting and other related adjustments.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following summarizes our unconsolidated affiliates:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2> - Board of Trade Investment Company; Kessinger/Hunter, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 49.0% interest in Board of Trade Investment Company and a 26.5% interest in Kessinger/Hunter, LLC. We are the property manager for the Board of Trade Investment Company joint venture, for which we receive property management fees. In addition, Kessinger/Hunter, LLC, which is managed by our joint venture partner, provides property management, leasing, brokerage and certain construction related services to certain of our Wholly Owned Properties. Kessinger/Hunter, LLC received $2.6 million, $3.8 million and $2.3 million from us for these services in 2008, 2007 and 2006, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2> - Des Moines Joint Ventures</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 50.0% ownership interest in RRHWoods, LLC, Dallas County Partners I, LP, Dallas County Partners II, LP, Dallas County Partners III, LP and Fountain Three, a series of joint ventures with R&amp;R Investors relating to properties in Des Moines, Iowa. Our partner is the managing partner and receives management and leasing fees from the joint ventures.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods DLF 98/29, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 22.81% interest in a joint venture (&#147;DLF I&#148;) with Schweiz-Deutschland-USA Dreilander Beteiligung Objekt DLF 98/29-Walker Fink-KG (&#147;DLF&#148;). We are the property manager and leasing agent of DLF I&#146;s properties and receive customary management and leasing fees. At the formation of this joint venture, DLF contributed excess cash to the venture that was distributed to us under the joint venture agreements. We are required to repay this excess cash to DLF over time, as discussed in Note 14.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>127</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="30%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="87%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March&nbsp;2007, DLF I sold five properties to a third party for gross proceeds of $34.2 million and recorded a gain of $9.3 million related to this sale. We recorded $2.1 million as our proportionate share of this gain through equity in earnings of unconsolidated affiliates. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In May&nbsp;2007, DLF I acquired Eola Park Centre, a 167,000 square foot office building in Orlando, Florida, for $39.3 million. In June 2007, the joint venture obtained a $27.7 million loan secured by Eola Park Centre. Simultaneously with DLF&nbsp;I&#146;s acquisition of Eola Park Centre, we separately acquired an adjacent parcel of development land for $2.0 million on a wholly-owned basis.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods DLF 97/26 DLF 99/32, L.P.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 42.93% interest in a joint venture (the &#147;DLF II Joint Venture&#148;) with Dreilander-Fonds 97/26 and 99/32 (&#147;DLF II&#148;). We are the property manager and leasing agent of the DLF II Joint Venture&#146;s properties and receive customary management and leasing fees.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods-DLF Forum, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In March 2008, we and an affiliate of DLF formed a new joint venture, Highwoods DLF Forum, LLC, in which we have a 25.0% ownership interest. Upon formation of this joint venture, we contributed $0.8 million of cash. In April&nbsp;2008, we contributed an additional $11.5 million to the joint venture and the joint venture acquired The Forum, a 635,000 square foot office park in Raleigh, North Carolina, for approximately $113 million. Simultaneously with the acquisition, the joint venture obtained a $67.5 million secured loan. We are the property manager and leasing agent for the office park and receive customary management fees and leasing commissions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Concourse Center Associates, LLC and Plaza Colonnade, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-0.15%; text-indent:4%;text-align:justify;'><font size=2>We have 50.0% interests in Concourse Center Associates, LLC and Plaza Colonnade, LLC. Unrelated investors own the remaining 50.0% ownership interest in the joint ventures. We are the manager and leasing agent for the properties and receive customary management fees and leasing commissions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods KC Glenridge Office, LLC and Highwoods KC Glenridge Land, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have 40.0% interests in Highwoods KC Glenridge Office, LLC and Highwoods KC Glenridge Land, LLC. Kapital-Consult, a European investment firm that is affiliated with DLF, owns the remaining 60.0% interest in the joint venture. We are the manager and leasing agent for the office properties and receive customary management fees and leasing commissions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - HIW-KC Orlando, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 40.0% interest in HIW-KC Orlando, LLC. Kapital-Consult owns the remaining 60.0% interest in the joint venture. We are the manager and leasing agent for the properties and receive customary management fees and leasing commissions. We made certain commitments to this joint venture as discussed in Note 14 at the time of the formation, which reduced our gain on the partial sale. The unused portion of these commitments is included in net gains on dispositions of properties, a component of income from continuing operations, for the years ended December&nbsp;31,&nbsp;2008, 2007, and 2006 due to our significant continuing involvement with the joint venture. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>128</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="30%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="87%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.85%; text-indent:0.15%;text-align:justify;'><b><font size=2> - Development, Leasing and Management Fees </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As discussed above, we receive development, management and leasing fees for services provided to certain of our joint ventures. These fees are recognized as income to the extent of our respective joint venture partner&#146;s interest in rental and other revenues, as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Management and leasing fees</font>                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,073</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,205</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,920</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Development fees</font>                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>98</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total fees</font>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,073</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,205</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,018</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.85%; text-indent:0.15%;text-align:justify;'><b><font size=2> - Other Activity</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In February&nbsp;2007, Weston Lakeside, LLC, an unconsolidated affiliate in which we owned a 50.0% interest, sold 332 rental residential units to a third party for gross proceeds of $45.0 million and paid off all of its outstanding debt and various development related costs. The joint venture recorded a gain of $11.3 million in the first quarter of 2007 related to this sale and we recorded $5.0 million as our proportionate share through equity in earnings of unconsolidated affiliates. Our share of the gain was less than 50.0% due to our joint venture partner&#146;s preferred return as the developer. We received aggregate net distributions of $6.2 million. Weston Lakeside, LLC has been dissolved.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Consolidated Affiliates</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following summarizes our consolidated affiliates:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Highwoods-Markel Associates, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 50% interest in Highwoods-Markel Associates, LLC. Markel Corporation owns the remaining 50.0% interest in the joint venture. We are the manager and leasing agent for the properties owned by the joint venture and receive customary management fees and leasing commissions.</font><font size=1> </font><font size=2>As further described in Note</font><font size=1> </font><font size=2>1, we began consolidating the Markel joint venture in January 2006.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - SF-HIW Harborview Plaza, LP</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 20% interest in SF-Harborview Plaza, LP. This joint venture is accounted for as a financing arrangement as described in Note 3. Accordingly, the assets continue to be consolidated in our Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - REES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2006, we contributed certain development land for a 93% interest in special purpose entities owned by REES. REES contributed 7% of the costs of constructing properties on this land not to exceed $4.0 million outstanding at any time. REES earned an agreed fixed return for its economic investment in these entities. The balance of development costs was funded by third party construction loans. We acquired the properties in 2008 at an amount equal to the actual development costs incurred plus the fixed return earned by REES. We consolidated these entities since we own the majority interest. During&nbsp;2008, this joint venture was dissolved. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>129</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="30%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>2<small>.</small></b></p> </td>

        <td width="87%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENTS-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Plaza Residential, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2007, through our taxable REIT subsidiary, we contributed $10.6 million for a majority owned interest in Plaza Residential, LLC with Dominion Partners, LLC (&#147;Dominion&#148;). Plaza Residential was formed to develop and sell 139 for-sale residential condominiums constructed above an office tower being developed by us in Raleigh, NC. Dominion has a 7% ownership interest in the joint venture, performed development services for the joint venture for a market development fee and guaranteed 40.0% of the construction financing. Dominion will receive 35.0% of the net profits from the joint venture once the partners have received distributions equal to their equity plus a 12.0% return on their equity. We consolidated this joint venture since we own the majority interest. Due to these profit sharing arrangements, we have estimated our net economic interest through the completion of this
project to be approximately 75.0% and we have recorded our partner&#146;s minority interest accordingly.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>For-sale residential condominiums in our Consolidated Balance Sheet include our completed, but unsold, condominium inventory as of December&nbsp;31,&nbsp;2008. There can be no assurances that the remaining units will be sold within one year of the balance sheet date. During 2008, we received $28.6 million in gross revenues and recorded $23.0 million cost of goods sold from condominium sales activity. Net gains on for-sale residential condominiums in our Consolidated Statement of Income include gains on the sale of for-sale residential condominiums and forfeitures of earnest money deposits of $4.4 million and $1.2&nbsp;million, respectively, as of December&nbsp;31,&nbsp;2008. We recognize forfeiture of earnest money deposits into income when entitled to claim the forfeited deposit upon legal default. Minority interest expense in our Consolidated Statement of Income includes our
partner&#146;s economic share of the net income of the joint venture of $1.3 million as of December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.85%; text-indent:0.15%;text-align:justify;'><b><font size=2> - Other Activity</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On November&nbsp;1,&nbsp;2006, The Vinings at University Center, LLC, a consolidated joint venture, sold 156 residential units to a third party for gross proceeds of $14.3 million, paid off all of its outstanding debt and made cash distributions to its partners. We received a distribution of $2.9 million and recorded a gain of $1.4 million during the fourth quarter of 2006. The Vinings at University Center, LLC has been dissolved.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>3<small>.</small></b></p> </td>

        <td width="88%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>FINANCING</small> <small>ARRANGEMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2>- SF-HIW Harborview Plaza, LP</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our joint venture partner in SF-HIW Harborview Plaza, LP (&#147;Harborview LP&#148;) has the right to put its 80.0% equity interest in Harborview LP to us in exchange for cash at any time during the one-year period commencing September&nbsp;11,&nbsp;2014. The value of the 80.0% equity interest will be determined at the time that our partner elects to exercise its put right, if ever, based upon the then fair market value of Harborview LP&#146;s assets and liabilities, less 3.0%, which amount was intended to cover the normal costs of a sale transaction. Because of the put option, this transaction is accounted for as a financing transaction as described in Note 1. Accordingly, the assets, liabilities and operations related to Harborview Plaza, the property owned by Harborview LP, including any new financing by the partnership, remain in our Consolidated Financial Statements. As a result, we
have established a financing obligation equal to the net equity contributed by the other partner. At the end of each reporting period, the balance of the financing obligation is adjusted to equal the greater of the original financing obligation or the current fair value of the put option discussed above. This financing obligation, net of payments made to our joint venture partner, is adjusted by a related valuation allowance account, which is being amortized prospectively through September 2014 as interest expense on financing obligation. The amount of the financing obligation together with the valuation allowance was $16.6 million at December&nbsp;31,&nbsp;2008. Additionally, the net income from the operations before depreciation of Harborview Plaza allocable to the 80.0% partner is recorded as interest expense on financing obligation. We continue to depreciate the property and record all of the depreciation on our books. Any payments made under the master lease agreement were
expensed as incurred ($70,000 and $0.1 million was expensed during the years ended December&nbsp;31,&nbsp;2007 and 2006, respectively) and any amounts paid under the tenant improvement and lease commission guarantee are capitalized and amortized to expense over the remaining lease term. At such time as the put option expires or is otherwise terminated, we will record the transaction as a sale and recognize gain on sale.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>130</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="43%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="8%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>3<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>FINANCING</small> <small>ARRANGEMENTS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2>- Eastshore</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the disposition in 2002 of three buildings located in Richmond, VA (the &#147;Eastshore&#148; transaction), we guaranteed any shortfalls that were incurred in the payment of rent and re-tenanting costs for a five-year period from the date of sale (through November 2007). Because the guarantees covered the entire space occupied by a single tenant under a triple-net lease arrangement, our guarantees were considered a guaranteed return on the buyer&#146;s investment for an extended period of time, and therefore, we accounted for the transaction originally as a financing arrangement. In July 2005, we recorded the transaction as a completed sale when the maximum exposure to loss under the guarantees became less than the related deferred gain. Gain of $3.6 million was recognized in 2006 and $3.3 million in gain was recognized in 2007 as the maximum exposure under the
guarantees was reduced. Payments made under rent guarantees after July 2005 were recorded as a reduction of the deferred gain.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Financing Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our financing obligations consist of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>SF-HIW Harborview, LP financing obligation </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,566</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bond</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,418</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,395</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Capitalized ground lease obligation</font>                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,152</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,110</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>See above for further discussion of this financing obligation.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with tax increment financing for construction of a public garage related to an office building, we are obligated to pay fixed special assessments over a 20-year period ending in 2019. The net present value of these assessments, discounted at 6.93% at the inception of the obligation, which represents the interest rate on the underlying bond financing, is shown as a financing obligation in our Consolidated Balance Sheet. We also receive special tax revenues and property tax rebates recorded in interest and other income, which are intended, but not guaranteed, to provide funds to pay the special assessments.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The capitalized lease obligation represents an obligation to the lessor of land on which we constructed a building. We are obligated to make fixed payments to the lessor through October 2022 and the lease provides for fixed price purchase options in the ninth and tenth years of the lease. We intend to exercise the purchase option in order to prevent an economic penalty related to conveying the building to the lessor at the expiration of the lease. The net present value of the fixed rental payments and purchase option through the ninth year was calculated using a discount rate of 7.1%. The assets and liabilities under the capital lease are recorded at the lower of the present value of minimum lease payments or the fair value. The liability accretes into interest expense each month for the difference between the interest rate on the financing obligation and the fixed payments. The accretion
will continue until the liability equals the purchase option of the land in the ninth year of the lease.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>131</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="67%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>4<small>.</small></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENT</small> <small>ACTIVITIES</small> <small>AND</small> <small>IMPAIRMENT</small> <small>OF</small> <small>LONG-LIVED</small> <small>ASSETS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Impairments of Long-Lived Assets Held for Use</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, 11 buildings in two office parks and one land parcel classified as held for use had indicators of impairment where the carrying value exceeded the sum of undiscounted future cash flows. As such, we recorded an impairment of assets held for use of $32.8 million, of which $32.4 million related to the two office parks and $0.4 million to the land parcel. We determined fair value by reference to appraised value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, one land parcel classified as held for use had indicators of impairment where the carrying value exceeded the sum of undiscounted future cash flows. Accordingly, we recorded an impairment of assets held for use of $0.8 million in 2007. This land became classified as held for sale in the fourth quarter of 2007 and was sold in 2007, and an additional impairment of $0.7 million was recorded with respect to this parcel and included in net gains on disposition of properties. We determined fair value by reference to contracted value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2006, we recorded impairments on operating properties then classified as held for use for $2.6 million. These properties were later reclassified to discontinued operations and were sold. In addition, we recorded impairments with respect to certain properties sold or held for sale aggregating $0.4 million during the year ended December&nbsp;31,&nbsp;2007. We determined fair value by reference to a bona fide purchase offer.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Gains and Impairments on Dispositions or Assets Held for Sale</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Gains and impairments on disposition of properties, net, included in continuing operations (excluding impairments of assets held for use which are recorded in operating expenses as described above) consisted of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Gains, net of impairments, on disposition of land</font>                                                                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>655</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,466</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,043</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Gains on disposition of depreciable properties </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>126</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,952</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,114</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>781</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,418</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,157</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amounts at December&nbsp;31,&nbsp;2007 and 2006 include $3.2 million and $3.6 million, respectively, related to the Eastshore transaction, which was accounted for as a financing obligation due to our significant continuing involvement. See Note 3 to our Consolidated Financial Statements.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Gains and impairments on properties sold or held for sale and classified as discontinued operations consisted of the following, as described in Note 11:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Gains, net of impairments, on sales of depreciable properties</font>                                                                                                                                            </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,485</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,477</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,640</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,485</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,477</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,640</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- 2008 Dispositions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, we sold approximately 744,000 square feet of office and industrial properties for gross proceeds of approximately $56.8 million. We also sold 37.9 acres of non-core land for gross sale proceeds of $9.2 million and, together with the recognition of previously deferred land gains, recorded a net loss of $1.1 million. The net gains, including recognition of certain gains deferred in prior years, are shown in the preceding table. The significant 2008 transactions are described below, all of which except land sales were recorded as discontinued operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>132</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>4<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENT</small> <small>ACTIVITIES</small> <small>AND</small> <small>IMPAIRMENT</small> <small>OF</small> <small>LONG-LIVED</small> <small>ASSETS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the first quarter of 2008, we sold an office property totaling 30,000 rentable square feet located in the Kansas City, MO metropolitan area for $6.0 million. A gain of $3.1 million was recorded in the first quarter of 2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the second quarter of 2008, we sold office properties aggregating 271,000 rentable square feet located in the Kansas City, MO metropolitan area for $21.7 million. A gain of $5.0 million was recorded in the second quarter of 2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the third quarter of 2008, we sold an industrial property aggregating 250,000 rentable square feet located in the Winston-Salem, NC metropolitan area for $8.2 million. A gain of $3.2 million was recorded in the third quarter of 2008. Additionally, we executed a settlement agreement with the Georgia Department of Transportation related to the condemnation of 4.0 acres of land in 2003 and recorded a gain of $1.7 million in the third quarter of 2008, of which $1.0 million had been deferred in prior years.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2008, we sold office properties aggregating 193,000 rentable square feet located in Nashville, TN for $20.9 million. A gain of $6.6 million was recorded in the fourth quarter of 2008. Additionally, we sold approximately 31 acres of non-core land located in Baltimore, MD for $7.2 million. A net loss of $1.2 million was recorded in the fourth quarter of 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- 2007 Dispositions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, we sold approximately 1.2 million square feet of office and industrial properties for gross proceeds of approximately $113.9 million. We also sold 132.8 acres of non-core land for gross sale proceeds of $37.4 million and recorded net gains of $16.6 million. The net gains, including recognition of certain gains deferred in prior years, are shown in the preceding table. The significant 2007 transactions are described below, all of which except land sales were recorded as discontinued operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the first quarter of 2007, we sold office and industrial properties encompassing 0.3 million rentable square feet located in Atlanta, GA, and Raleigh, NC for gross proceeds of approximately $39.9 million and recorded gains of approximately $19.5 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the third quarter of 2007, we sold five office and industrial properties aggregating 0.5 million rentable square feet located in Atlanta, GA and Greenville, SC for gross proceeds of approximately $36.8&nbsp;million. A gain of approximately $6.9 million and an impairment of approximately $0.4 million were recorded in the third quarter of 2007. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2007, we sold six office and industrial properties aggregating 0.4 million rentable square feet located in Greensboro, NC, Columbia, SC and Nashville, TN for gross proceeds of approximately $36.1&nbsp;million and recorded gains of approximately $8.1 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1.85%;text-align:justify;'><b><font size=2>- 2006 Dispositions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2006, we sold approximately 3.0 million square feet of office and industrial properties, 17 rental residential units and The Vinings residential project for aggregate gross proceeds of approximately $241 million. Additionally, we sold 220.7 acres of non-core land for gross sale proceeds of $34.5 million and net gains of $12.0 million. The net gains, including recognition of certain gains deferred in prior years, are shown in the preceding table. The significant 2006 transactions are described below, all of which except land sales were recorded as discontinued operations. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>133</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>4<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INVESTMENT</small> <small>ACTIVITIES</small> <small>AND</small> <small>IMPAIRMENT</small> <small>OF</small> <small>LONG-LIVED</small> <small>ASSETS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the first quarter of 2006, we sold office and industrial properties encompassing 1,867,000 rentable square feet located in Atlanta, GA, Columbia, SC and Tampa, FL in a single transaction for gross proceeds of approximately $141 million. Also, in the first quarter of 2006, we sold an office property encompassing 132,000 rentable square feet located in Raleigh, NC for gross proceeds of approximately $12.9&nbsp;million and recorded a gain of approximately $1.4 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the third quarter of 2006, we sold five office and industrial properties aggregating 292,000 rentable square feet located in Raleigh, NC for gross proceeds of approximately $22.8&nbsp;million and recorded a gain of approximately $2.8 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2006, we sold the following assets: a retail property aggregating 105,000 rentable square feet located in Kansas City, MO for gross proceeds of approximately $10.5 million, with a gain of approximately $1.5 million; two office properties and 12 industrial properties aggregating 393,000 rentable square feet in Winston-Salem and Greensboro, NC for gross proceeds of approximately $16.5 million, with a gain of approximately $3.5 million; and three office properties aggregating 193,000 rentable square feet in Tampa, FL for gross proceeds of approximately $22 million, with a gain of approximately $3.7 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Development</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Development in process as of December&nbsp;31,&nbsp;2008 includes three office properties and one industrial property aggregating 558,000 rentable square feet and 16 acres of vacant land undergoing infrastructure improvements. The aggregate cost, including leasing commissions, of the four buildings currently is expected to be $92.6 million when fully leased and completed. The weighted average pre-leasing of these development projects was 68.2% as of December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We currently have four office properties recently completed, but not yet stabilized, aggregating 665,000 square feet. We consider the stabilization date to be the earlier of the originally anticipated stabilization date or when 95% occupancy is achieved. The aggregate cost, including leasing commissions, of these properties currently is expected to be $143.8 million when fully leased. The weighted average occupancy of these properties was 68.6% as of December&nbsp;31,&nbsp;2008. The components of these properties are included in land, building and tenant improvements, and deferred financing and leasing costs in our Consolidated Balance Sheets as of December&nbsp;31,&nbsp;2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, we had 74 recently completed for-sale residential condominium units, which had a carrying value of $24.3 million.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Acquisitions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During the third quarter, we acquired an aggregate of 8.3 acres of land in the Atlanta metropolitan area for an aggregate purchase price of $2.1 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2008, we acquired a 135,000 square foot office building in Memphis, TN in exchange for 183,587 Common Units and the assumption of $7.8 million of 8.15% secured debt that matures in February 2016, both of which were recorded at fair value of $6.3 million and $8.4 million, respectively. We expect to incur or have incurred approximately $1.7 million of near-term building improvements and other costs related to this acquisition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>134</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="38%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>5<small>.</small></b></p> </td>

        <td width="89%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>MORTGAGES</small> <small>AND</small> <small>NOTES</small> <small>PAYABLE</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our consolidated mortgages and notes payable consisted of the following: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Secured indebtedness: </font><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:.6pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.77% mortgage loan due 2009</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,016</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>80,408</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.87% mortgage loan due 2009</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,321</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.05% mortgage loan due 2012</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>190,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>190,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>6.03% mortgage loan due 2013</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>133,241</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135,593</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>5.68% mortgage loan due 2013</font>                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>118,535</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>120,970</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>5.74% to 9.00% mortgage loans due between 2007 and 2017 </font><b><font size=1>(2), (3)</font></b>                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83,840</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>77,208</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Variable rate construction loan due 2009</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,264</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Variable rate construction loans due 2010</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,605</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>19,811</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>655,186</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>665,311</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Unsecured indebtedness: </font><font size=1>(4)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.125% notes due 2008 </font><b><font size=1>(5)</font></b>                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100,000</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.125% notes due 2009 </font><b><font size=1>(6)</font></b>                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>50,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>5.85% notes due 2017 </font><b><font size=1>(7)</font></b>                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>398,999</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>398,876</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>7.50% notes due 2018</font>                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>200,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>200,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Variable rate term loan due 2011</font>                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>137,500</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Revolving credit facility due 2009 </font><b><font size=1>(8)</font></b>                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>163,000</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>227,800</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>949,499</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>976,676</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="67" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The mortgage loans payable are secured by real estate assets with an aggregate undepreciated book value of approximately $1.1 billion at December&nbsp;31,&nbsp;2008. Our fixed rate mortgage loans generally are either locked out to prepayment for all or a portion of their term or are prepayable subject to certain conditions including prepayment penalties.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Amounts at December&nbsp;31,&nbsp;2008 and 2007 include $22.3 million and $22.7 million, respectively, of mortgage debt related to SF-HIW Harborview Plaza, LP. See Note 3 to our Consolidated Financial Statements.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes mortgage debt related to Markel, a consolidated 50.0% owned joint venture, of $36.6 million and $37.4 million at December&nbsp;31,&nbsp;2008 and 2007, respectively. See Note 2 to our Consolidated Financial Statements.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The unsecured notes bear interest at rates ranging from 5.85% to 8.125% with interest payable semi-annually in arrears. Any premium and discount related to the issuance of the unsecured notes, together with other issuance costs, is being amortized to interest expense over the life of the respective notes. All of the unsecured notes are redeemable at any time prior to maturity at our option, subject to certain conditions including the payment of make-whole amounts. Under the indenture, the notes may be accelerated if the trustee
or 25% of the holders provide written notice of a default and such default remains uncured after 60 days. The Operating Partnership is in compliance with all covenants under the indenture and is current on all payments required thereunder.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>These notes were paid off at maturity on February&nbsp;1,&nbsp;2008 with borrowings under our revolving credit facility.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(6)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>These notes were paid off at maturity on January&nbsp;15,&nbsp;2009 with borrowings under our revolving credit facility.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
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        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(7)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>This amount is net of an amortized discount of $1.0 million.</font></p> </td> </tr></table>
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<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(8)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Includes amounts outstanding under our $450.0 million unsecured revolving credit facility, which is currently scheduled to mature on May&nbsp;1,&nbsp;2009. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and assuming no default exists at that time, the facility will be extended.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>135</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="49%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>5<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>MORTGAGES</small> <small>AND</small> <small>NOTES</small> <small>PAYABLE</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth the principal payments, including amortization, due on our mortgages and notes payable as of December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

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        <td valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:.5in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0.5pt'><br> <b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Principal</font></b><br> <b><font size=1>Amount</font></b></p> </td>

        <td width="14" valign=bottom >
<p
style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>340,053</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,845</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>147,337</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>212,515</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.25in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.65pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>240,607</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top >
<p style='margin-left:.65pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>638,328</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.65pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="94" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our $450.0 million unsecured revolving credit facility, of which $163.0 million was outstanding as of December&nbsp;31,&nbsp;2008, is currently scheduled to mature on May&nbsp;1,&nbsp;2009. We have submitted our notice to extend the maturity date of the credit facility by one year to May 2010, and upon payment of the extension fee and assuming no default exists at that time, the facility will be extended. The interest rate is LIBOR plus 80 basis points and the annual base facility fee is 20 basis points. The interest rate would increase to LIBOR plus 140 or 155 basis points if our credit rating were to fall below investment grade according to two of three credit rating agencies. Our revolving credit facility had $285.4 million of availability at December&nbsp;31,&nbsp;2008 and had $262.7 million of availability as of February&nbsp;12,&nbsp;2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our $70.0 million secured construction facility, which bears interest at LIBOR plus 85 basis points, is initially scheduled to mature on December&nbsp;20,&nbsp;2010. Assuming no defaults have occurred, we have options to extend the maturity date for two successive one-year periods. Our secured construction facility had $53.4 million of availability at December&nbsp;31,&nbsp;2008 and had $42.4 million of availability as of February&nbsp;12,&nbsp;2009.</font><b><font size=2> </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In February&nbsp;2008, we closed a $137.5 million three-year term loan that bears interest at LIBOR plus 110 basis points. The interest rate would increase to LIBOR plus 160 basis points if our credit rating were to fall below investment grade according to two of three credit rating agencies. Proceeds from this loan were used to reduce the outstanding borrowings under our revolving credit facility and for short-term investments.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Other Information </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our revolving credit facility, variable rate term loan and the indenture that governs our outstanding notes require us to comply with customary operating covenants and various financial and operating ratios. We and the Company are each currently in compliance with all such requirements as of December&nbsp;31,&nbsp;2008. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Total interest capitalized to development projects was $8.3 million, $9.7 million and $5.0 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>136</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="49%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>5<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>MORTGAGES</small> <small>AND</small> <small>NOTES</small> <small>PAYABLE</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Deferred Financing Costs</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008 and 2007, deferred financing costs were $14.7 million and $14.2 million, respectively, and related accumulated amortization was $7.8 million and $5.4 million, respectively. Deferred financing costs include loan fees, loan closing costs, premium and discounts on bonds and notes payable and debt issuance costs. Amortization of bond premiums and discounts is included in contractual interest expense. All other amortization is included in amortization of deferred financing costs. The scheduled future amortization of these deferred financings costs is as follows at December&nbsp;31,&nbsp;2008:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Contractual</font></b><br> <b><font size=1>Interest</font></b><br> <b><font size=1>Expense</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amortization</font></b><br> <b><font size=1>of Deferred</font></b><br> <b><font size=1>Financing</font></b><br> <b><font size=1>Costs</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,745</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,782</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,124</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,160</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>834</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>870</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>714</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>750</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>36</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>620</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>656</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>155</font></p> </td>

        <td width="13" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=top style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,505</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,660</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>336</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" valign=top style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,542</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,878</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="31%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="12%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="87%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Officer, Management and Director Compensation Programs </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The officers of the Company, which is the sole general partner of the Operating Partnership, participate in an annual non-equity incentive program whereby they are eligible for incentive payments based on a percentage of their annual base salary. In addition to considering the pay practices of the Company&#146;s peer group in determining each officer&#146;s incentive payment percentage, the officer&#146;s ability to influence the Company&#146;s performance is also considered. Each officer has a target annual non-equity incentive payment percentage that ranges from 20% to 130% of base salary depending on the officer&#146;s position. The officer&#146;s actual incentive payment for the year is the product of the target annual incentive payment percentage times a performance &#145;factor,&#146; which can range from zero to 200%. This performance factor depends upon the relationship between
how various performance criteria compare with predetermined goals. For an officer who has division responsibilities, goals for certain performance criteria are based partly on the division&#146;s actual performance relative to that division&#146;s established goals for each criteria and partly on actual total performance relative to the same criteria. Incentive payments are accrued and expensed in the year earned and are generally paid in the first quarter of the following year.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Certain other members of management participate in an annual non-equity incentive program whereby a target annual cash incentive payment is established based upon the job responsibilities of their position. Incentive payment eligibility ranges from 10% to 30% of annual base salary. The actual incentive payment is determined by our overall performance and the individual&#146;s performance during each year. These incentive payments are also accrued and expensed in the year earned and are generally paid in the first quarter of the following year.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company&#146;s officers generally receive annual grants of stock options and restricted stock on or about March 1 of each year under the Amended and Restated 1994 Stock Option Plan (the &#147;Stock Option Plan&#148;). Restricted stock grants are also made annually to directors and certain non-officer employees. As of December&nbsp;31,&nbsp;2008, there was remaining availability of 0.8 million shares of Common Stock reserved for future issuance under the Stock Option Plan. Stock options issued prior to 2005 vest ratably over four years and remain outstanding for 10 years. Stock options issued beginning in 2005 vest ratably over a four-year period and remain outstanding for seven years. The value of all options as of the date of grant is calculated using the Black-Scholes option-pricing model. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>138</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company generally makes annual grants of time-based restricted stock under its Stock Option Plan to our directors, officers and other employees. Shares of time-based restricted stock issued prior to 2005 generally vest 50% three years from the date of grant and the remaining 50% five years from date of grant. Shares of time-based restricted stock that were issued to officers and employees in 2005 vest one-third on the third anniversary, one-third on the fourth anniversary and one-third on the fifth anniversary of the date of grant. Shares of time-based restricted stock that were issued to officers and employees in 2006, 2007 and 2008 generally vest 25% on the first, second, third and fourth anniversary dates, respectively. Shares of time-based restricted stock issued to directors generally vest 25% on January 1 of each successive year after the grant date. The value of grants of
time-based restricted stock is based on the market value of Common Stock as of the date of grant and is amortized to expense over the respective vesting or service periods. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007 and 2006, the Company also issued shares of restricted stock to officers under its Stock Option Plan that will vest if the Company&#146;s total shareholder return exceeds the average total returns of a selected group of peer companies over a three-year period. If the Company&#146;s total shareholder return does not equal or exceed such average total returns, none of the total return-based restricted stock will vest. The grants also contain a provision allowing for partial vesting if the annual total return in any given year of the three-year period exceeds 9% on an absolute basis. The Company&#146;s total return on Common Stock was less than 9% for 2008 and 2007, and accordingly, no shares vested as a result of this provision. The Company&#146;s total return on Common Stock exceeded 9% in 2006, and accordingly 2,373 previously issued shares of total return-based restricted
stock vested as of December&nbsp;31,&nbsp;2006, net of shares surrendered for withholding taxes. The grant date fair values of each such share of total return-based restricted stock were determined to be approximately 75% and 87% of the market value of a share of Common Stock as of the grant dates for the 2007 and 2006 grants, respectively. The grant date fair value of these shares of total-return based restricted stock is being amortized to expense on a straight-line method over the three-year period. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, the Company issued 33,723 shares of total return-based restricted stock to officers under its Stock Option Plan that will vest only to the extent our absolute total return for the three-year period ended December&nbsp;31,&nbsp;2010 is at least 22% or if the Company&#146;s total return exceeds 100% of the peer group index. The grant date fair value of such shares of total return-based restricted stock was determined to be 100% of the market value of a share of Common Stock as of the grant date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2008, 2007 and 2006, the Company also issued shares of performance-based restricted stock to officers under its Stock Option Plan that will vest pursuant to performance-based criteria. The performance-based criteria are based on whether or not we meet or exceed at the end of three-year performance periods certain operating and financial goals established under our Strategic Plan. To the extent actual performance equals or exceeds threshold performance goals, the portion of shares of performance-based restricted stock that vest can range from 50% to 100%. If actual performance does not meet such threshold goals, none of the performance-based restricted stock will vest. The fair value of performance-based restricted share grants is based on the market value of Common Stock as of the date of grant and the estimated performance to be achieved at the end of the three-year period. Such
fair value is being amortized to expense during the period from grant date to the vesting dates, adjusting for the expected level of vesting that will occur at those dates. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Additional total return-based restricted stock and performance-based restricted stock may be issued at the end of the three-year periods if actual performance exceeds certain levels of performance. Such additional shares, if any, would be fully vested when issued. We will also accrue and record expense for additional performance-based shares during the three-year period to the extent issuance of the additional shares is expected based on our current and projected actual performance. No expense is recorded for additional shares of total return-based restricted stock that may be issued at the end of the three-year period since that possibility is already reflected in the grant date fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Dividends received on restricted stock are non-forfeitable and are paid at the same rate and on the same date as on shares of Common Stock.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>138</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, we recognized approximately $6.7 million, $5.2 million and $3.7 million, respectively, of stock-based compensation expense. As of December&nbsp;31,&nbsp;2008, there was $9.3 million of total unrecognized stock-based compensation costs, which will be recognized over vesting periods that have a weighted average remaining term of 1.2 years. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The compensation and governance committee of the Company&#146;s board of directors has retained the authority to grant non-equity incentive and equity incentive awards at its discretion.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Using the Black-Scholes option valuation model, the weighted average fair values of options granted during 2008, 2007 and 2006 were $3.18, $6.30 and $4.00, respectively, per option. The fair values of the options granted were determined at the grant dates using the following weighted average assumptions: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font
size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Risk free interest rate </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.67</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.51</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.63</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Common stock dividend yield </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.77</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.07</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.20</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Expected volatility </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22.64</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.95</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18.90</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>%</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Average expected option life (years) </font><b><font size=1>(4)</font></b>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.75</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5.75</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.75</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Options granted</font>                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>319,091</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146,347</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>243,610</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Represents interest rate on US treasury bonds having the same life as the estimated life of the option grants.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The dividend yield is calculated utilizing the dividends paid for the previous one-year period and the per share price of Common Stock on the date of grant.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on the historical volatility of Common Stock over a period relevant to the related stock option grant.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The average expected option life for the 2008, 2007 and 2006 grants is based on an analysis of historical company data. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes information about all stock options outstanding at December&nbsp;31,&nbsp;2008: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="4" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Options Outstanding</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td
width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of </font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Exercise</font></b><br> <b><font size=1>Price</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Balances at December 31, 2007</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,909,821</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.45</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Options granted</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>319,091</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.48</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Options cancelled</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(16,331</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>31.66</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Options exercised</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(723,331</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22.95</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Balances at December 31, 2008</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,489,250</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28.74</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Cash received or receivable from options exercised was $15.9 million, $12.9 million and $43.3 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. The total intrinsic value of options exercised during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $9.6 million, $23.4 million and $30.5 million, respectively. The total intrinsic value of options outstanding at December&nbsp;31,&nbsp;2008, 2007 and 2006 was $1.7 million, $8.0 million and $47.9 million, respectively. The Company generally does not permit the net cash settlement of exercised stock options, but does permit net share settlement for certain qualified exercises. The Company has a policy of issuing new shares to satisfy stock option exercises.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>139</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth information at December&nbsp;31,&nbsp;2008 about (a) the outstanding number of vested stock options and those expected to vest and (b) the number of those options that are exercisable. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number </font></b><br> <b><font size=1>of Shares</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Exercise</font></b><br> <b><font size=1>Price</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Aggregate</font></b><br> <b><font size=1>Intrinsic</font></b><br> <b><font size=1>Value</font></b><br> <b><font size=1>(in 000s)</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Remaining</font></b><br> <b><font size=1>Years</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Outstanding</font>                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,489,250</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="51" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28.74</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,724</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4.3</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Exercisable</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>826,621</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="51" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.71</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,580</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3.6</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes activity in the year ended December&nbsp;31,&nbsp;2008 for all time-based restricted stock grants:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of </font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:
3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Grant</font></b><br> <b><font size=1>Date Fair</font></b><br> <b><font size=1>Value</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2007</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>356,497</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34.89</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Awarded and issued </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>92,150</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30.13</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Vested </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(113,823</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33.13</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Forfeited</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(5,029</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.11</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2008</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>329,795</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34.21</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The weighted average fair value at grant date of time-based restricted shares issued during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $2.8 million, $8.4 million and $2.4 million, respectively.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The vesting date fair value of time-based restricted shares that vested during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $4.8 million, $3.2 million and $2.2 million, respectively.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes activity in the year ended December&nbsp;31,&nbsp;2008 for all performance-based and total return-based restricted stock grants:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number of</font></b><br> <b><font size=1>Shares</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:
3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Weighted</font></b><br> <b><font size=1>Average</font></b><br> <b><font size=1>Grant</font></b><br> <b><font size=1>Date Fair </font></b><br> <b><font size=1>Value</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2007</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>135,472</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32.52</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Awarded and issued </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>77,878</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.75</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Vested </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(59,892</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26.82</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Forfeited</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,116</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29.23</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Nonvested shares outstanding at December 31, 2008</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="82" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>151,342</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="54" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33.39</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The weighted average fair value at grant date of performance-based and total return-based restricted shares issued during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $2.3 million, $1.7 million and $1.6 million, respectively. </font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The vesting date fair value of performance-based and total return-based restricted shares that vested during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 was $2.4 million, $0.2 million and $0.2 million, respectively. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>140</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Retirement Plan</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In 2006, the Company adopted a retirement plan applicable to all employees, including officers, who, at the time of retirement, have at least 30 years of continuous qualified service or are at least 55 years old and have at least 10 years of continuous qualified service. Subject to advance retirement notice and execution of a non-compete agreement with us, eligible retirees are entitled to receive a pro rata amount of the annual incentive payment earned during the year of retirement. Stock options and time-based restricted stock granted by the Company to such eligible retiree during his or her employment would be non-forfeitable and remain exercisable according to the terms of their original grants. Eligible retirees would also be entitled to receive a pro rata amount of any performance-based and total return-based restricted stock originally granted to such eligible retiree during his or
her employment that subsequently vests after the retirement date according to the terms of their original grants. The benefits of this retirement plan apply only to restricted stock and stock option grants beginning in 2006 and will be phased in 25% on March&nbsp;1,&nbsp;2006 and 25% on each anniversary thereof. For employees who meet the age and service eligibility requirements, 25% of their 2006 grants, 50% of their 2007 grants and 75% of their 2008 grants were fully expensed at the grant date, which increased compensation expense by approximately $0.6 million, $0.3 million and $0.2 million in the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. Grants made prior to 2006 are unaffected.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:90%;'><b><font size=2>Deferred Compensation</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company has a non-qualified deferred compensation plan pursuant to which each officer and director can elect to defer a portion of their base salary and/or annual non-equity incentive payment (or director fees) which are invested by the Company in various unrelated mutual funds. These investments are recorded at fair value which aggregated $5.4 million at December&nbsp;31,&nbsp;2008 and are included in prepaid expenses and other assets, with an offsetting deferred compensation liability recorded in other liabilities. Such deferred compensation is expensed in the period earned by the officers and directors. Deferred amounts ultimately payable to the officers and directors are based on the value of the related mutual fund investments (recorded in prepaid expenses and other assets). Accordingly, changes in the value of the marketable mutual fund investments are recorded in interest and
other income and the corresponding offsetting changes in the deferred compensation liability are recorded in general and administration expense. As a result, there is no effect on our net income subsequent to the time the compensation is deferred and fully funded. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Prior to January&nbsp;1,&nbsp;2006, executive officers and directors also could elect to defer cash compensation for investment in units of phantom stock of the Company, which are not recorded as assets in our financial statements. At the end of each calendar quarter, any executive officer and director who deferred compensation into phantom stock was credited with units of phantom stock at a 15.0% discount. Dividends on the phantom units are assumed to be issued in additional units of phantom stock at a 15.0% discount. If an officer that deferred compensation under this plan leaves our employ voluntarily or for cause within two years after the end of the year in which such officer deferred compensation for units of phantom stock, at a minimum, the 15.0% discount and any deemed dividends are forfeited. Over the two-year vesting period, we record additional compensation expense equal to the
15.0% discount, the accrued dividends and any changes in the market value of Common Stock from the date of the deferral. The net expense/(income) recorded in general and administrative expenses from Phantom Stock aggregated $61,000, $(0.3) million and $1.6 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. Cash payments from the plan for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 were $50,000, $0.3 million and $0.4 million, respectively. Transfers made from the phantom stock investment to other investments in the deferred compensation plan for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006 were $0.4 million, $1.5 million and $1.1 million, respectively. At December&nbsp;31,&nbsp;2008, the total liability for deferred compensation aggregated $6.5 million and is recorded in accounts payable, accrued expenses and other liabilities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>141</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="42%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>6<small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EMPLOYEE</small> <small>BENEFIT</small> <small>PLANS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>401(k) Savings Plan </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have a 401(k) savings plan covering substantially all employees who meet certain age and employment criteria. We contribute amounts for each participant at a rate of 75% of the employee&#146;s contribution (up to 6% of each employee&#146;s salary subject to statutory limits). During the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, we contributed $1.1 million, $1.2 million and $1.1 million, respectively, to the 401(k) savings plan. The assets of this plan are not included in our Consolidated Balance Sheets. Administrative expenses of the plan are paid by us. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Employee Stock Purchase Plan </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company has an Employee Stock Purchase Plan for all active employees under which employees can elect to contribute up to 25.0% of their base and annual non-equity incentive compensation for the purchase of Common Stock. At the end of each three-month offering period, the contributions in each participant's account balance, which includes accrued dividends, are applied to acquire shares of Common Stock at a cost that is calculated at 85.0% of the lower of the average closing price on the New York Stock Exchange on the five consecutive days preceding the first day of the quarter or the five days preceding the last day of the quarter. The Operating Partnership issues one Common Unit to the Company in exchange for the price paid for each share of Common Stock. In 2006, the Company issued 60,471 shares of Common Stock under the Employee Stock Purchase Plan, which included shares purchased
using the funds held by a trustee. In the years ended December&nbsp;31,&nbsp;2008 and 2007, the Company issued 29,324 and 16,937 shares, respectively, of Common Stock under the Employee Stock Purchase Plan. The discount on newly issued shares is expensed by us as additional compensation and aggregated $0.2 million in each of the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="79%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>7<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>RENTAL</small> <small>AND</small> <small>OTHER</small> <small>REVENUES;</small> <small>RENTAL</small> <small>PROPERTY</small> <small>AND</small> <small>OTHER</small> <small>EXPENSES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our real estate assets are leased to tenants under operating leases. The minimum rental amounts under the leases are generally subject to scheduled fixed increases or, much less frequently, adjustments based on the Consumer Price Index. Generally, the leases also require that the tenants reimburse us for increases in certain costs above the base-year costs. Rental and other revenues from continuing operations consisted of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Contractual rents</font>                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>394,950</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>366,624</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>341,348</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Straight-line rental income, net</font>                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,983</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,970</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,204</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Lease incentive amortization</font>                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,041</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(960</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(791</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Property operating cost recovery income</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49,691</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,124</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,295</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Lease termination fees</font>                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,578</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,700</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,776</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Fee income</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,149</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,494</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,001</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other miscellaneous operating income</font>                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,693</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,494</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,471</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>142</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="91%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>7<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>RENTAL</small> <small>AND</small> <small>OTHER</small> <small>REVENUES;</small> <small>RENTAL</small> <small>PROPERTY</small> <small>AND</small> <small>OTHER</small> <small>EXPENSES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Rental property and other expenses from continuing operations consisted of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:
center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Maintenance, cleaning and general building</font>                                                                                                                                                                                                                                                         </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59,594</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,259</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>51,357</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Utilities, insurance and real estate taxes</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>89,785</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>82,573</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>77,750</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Division and allocated administrative expenses</font>                                                                                                                                                                                                                                   </p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,742</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,373</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,623</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Other miscellaneous operating expenses</font>                                                                                                                                                                                                                                                                              </p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,462</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,721</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,494</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>165,583</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>152,926</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>146,224</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.08%;text-align:justify;'><font size=2>Expected future minimum base rents to be received over the next five years and thereafter from tenants for leases in effect at December&nbsp;31,&nbsp;2008 for the Wholly Owned Properties are as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>388,231</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>357,666</font></p> </td>

        <td width="110" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>315,315</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>258,003</font></p> </td>

        <td width="110" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>202,778</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>629,149</font></p> </td>

        <td width="110" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,151,142</font></p> </td>

        <td width="110" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="25%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="15%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>8<small>.</small></b></p> </td>

        <td width="84%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>PARTNERS'</small> <small>CAPITAL</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Common Unit Distributions </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Distributions declared and paid per Common Unit aggregated $1.70 for each of the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On January&nbsp;30,&nbsp;2009, the Board of Directors declared a cash distribution of $0.425 per Common Unit payable on March&nbsp;9,&nbsp;2009. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Redeemable Common Units </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Operating Partnership is obligated to redeem each Redeemable Common Unit at the request of the holder thereof for cash equal to the value of one share of Common Stock based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company at its option may elect to acquire any such Redeemable Common Unit presented for redemption for cash or one share of Common Stock. When a holder redeems a Redeemable Common Unit for a share of Common Stock or cash, the Company&#146;s share in the Operating Partnership will be increased. The Common Units owned by the Company are not redeemable. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>143</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="36%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>8<small>.</small></b></p> </td>

        <td width="89%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>PARTNERS'</small> <small>CAPITAL</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Preferred Units </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Below is a tabular presentation of our Preferred Units as of December&nbsp;31,&nbsp;2008 and 2007: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Preferred Unit Issuances</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Issue Date</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number</font></b><br> <b><font size=1>of Units</font></b><br> <b><font size=1>Issued</font></b><br> <b><font size=1>Originally</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Number</font></b><br> <b><font size=1>of Units</font></b><br> <b><font size=1>Outstanding</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Carrying</font></b><br> <b><font size=1>Value</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Liquidation</font></b><br> <b><font size=1>Preference</font></b><br> <b><font size=1>Per Unit</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Optional</font></b><br> <b><font size=1>Redemption</font></b><br> <b><font size=1>Date</font></b></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Annual</font></b><br> <b><font size=1>Distributions</font></b><br> <b><font size=1>Payable</font></b><br> <b><font size=1>Per Unit</font></b></p> </td>

        <td width="2" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>(in thousands)</font></b></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>(in thousands)</font></b></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='border-top: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='border-top: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='border-top: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2008:</font></b></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.625% Series A Cumulative </font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom >
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/1997</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,092</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,000</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/2007</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>86.25</font></p> </td>

        <td width="2" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.000% Series B Cumulative</font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/1997</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,900</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,100</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,500</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/2002</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.00</font></p> </td>

        <td width="2" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>December</font></b><font size=2>&nbsp;</font><b><font size=2>31,</font></b><font size=2>&nbsp;</font><b><font size=2>2007: </font></b></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.625% Series A Cumulative </font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/1997</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>83</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>82,937</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,000</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>2/12/2007</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="73" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>86.25</font></p> </td>

        <td width="2" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>8.000% Series B Cumulative</font><br> <font size=2>Redeemable</font>                                                                                                       </p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/1997</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="60" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,900</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,100</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="53" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,500</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="68" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>9/25/2002</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="73" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2.00</font></p> </td>

        <td width="2" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The net proceeds raised from Preferred Stock issuances were contributed by the Company to the Operating Partnership in exchange for Preferred Units in the Operating Partnership. The terms of each series of Preferred Units generally parallel the terms of the respective Preferred Stock as to distributions, liquidation and redemption rights. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In September&nbsp;2008, the Company sold 5.5 million shares of Common Stock for net proceeds of $195.0 million. The net proceeds from the offering were contributed by the Company to the Operating Partnership in exchange for a like number of Common Units. A portion of the net proceeds of the offering were used to repurchase 53,845 outstanding Series A Preferred Units for an aggregate purchase price of $52.5 million. The remaining net proceeds from the offering were used to reduce the amount of borrowings outstanding under our revolving credit facility.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On August&nbsp;6,&nbsp;2007, we redeemed 22,008 of our outstanding Series A Preferred Units for an aggregate purchase price of $22.3 million. In connection with this redemption, the $0.8 million excess of the purchase cost over the net carrying amount of the units was recorded as a reduction to net income available for common unitholders in the third quarter of 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On May&nbsp;29,&nbsp;2007, we redeemed 1.6 million of our outstanding Series B Preferred Units, aggregating $40.0 million plus accrued and unpaid distributions. In connection with this redemption, the $1.4 million excess of the redemption cost over the net carrying amount of the redeemed units was recorded as a reduction to net income available for common unitholders in the second quarter of 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On February&nbsp;23, 2006, we redeemed 2.0 million of our outstanding Series B Preferred Units aggregating $50.0 million plus accrued distributions. On August&nbsp;22, 2005, we redeemed 0.4 million, representing all of our outstanding, Series D Preferred Units and 1.2 million of our outstanding Series B Preferred Units, aggregating $130.0 million plus accrued distributions. In connection with these redemptions, the excess of the redemption cost over the net carrying amount of the redeemed units was recorded as a reduction to net income available for common unitholders in the amounts of $1.8 million and $4.3 million, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>144</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="41%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>9<small>.</small></b></p> </td>

        <td width="90%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DERIVATIVE</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Prior to 2007, we entered into certain interest rate hedging arrangements which were designated as cash flow hedges. The effective portion of these arrangements, representing deferred interest expense, was $0.8 million and $0.9 million and is included in Accumulated Other Comprehensive Loss (&#147;AOCL&#148;) as of December&nbsp;31,&nbsp;2008 and 2007, respectively. This deferred expense will be recognized as an addition to interest expense in the same periods during which interest expense on the hedged financings affects net income. We expect approximately $0.3 million will be recognized as an increase to interest expense within the next 12 months. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>During 2007, we entered into two floating-to-fixed interest rate swaps for a one-year period with respect to an aggregate of $50 million of borrowings outstanding under our revolving credit facility or other floating rate debt. These swaps fix the underlying LIBOR rate under which interest on such borrowings is based at 4.70%. These swaps were not designated as hedges under SFAS No. 133. Accordingly, the swaps were accounted for as non-hedge derivatives as of December&nbsp;31,&nbsp;2007. An aggregate unrealized loss of $0.2 million was recognized during 2007 and an aggregate unrealized gain of $0.2 million was recognized in 2008 for these two swaps. These swaps matured in 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In January 2008, we entered into two floating-to-fixed interest rate swaps for a one-year period with respect to an aggregate of $50.0 million of borrowings outstanding under our revolving credit facility or other floating rate debt. These swaps fix the underlying LIBOR rate upon which interest on such borrowings is based at 3.26% for $30.0 million of borrowings and 3.24% for $20.0 million of borrowings. The counterparty under the $30.0 million swap was PNC Bank, N.A. and the counterparty under the $20.0 million swap was Bank of America, N.A. These swaps were designated as hedges and are being accounted for as cash flow hedges. These swaps matured in January 2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In April 2008, we entered into a floating-to-fixed interest rate swap for a two-year period with respect to an aggregate of $50.0 million of borrowings outstanding under our term loan or other floating rate debt. The swap fixes the underlying LIBOR rate upon which interest on such borrowings is based at 2.52%. The counterparty under this swap is Bank of America, N.A. The swap was designated as a hedge and is being accounted for as a cash flow hedge.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In October&nbsp;2008, we entered into a floating-to-fixed interest rate swap for a one-year period with respect to an aggregate of $25.0 million of borrowings outstanding under our term loan or other floating rate debt. The swap fixes the underlying LIBOR rate upon which interest on such borrowings is based at 2.35%. The counterparty under this swap is PNC Bank, N.A. The swap was designated as a hedge and is being accounted for as a cash flow hedge.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="36%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>10<small>.</small></b></p> </td>

        <td width="89%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>OTHER</small> <small>COMPREHENSIVE</small> <small>INCOME</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Other comprehensive income represents net income plus the changes in certain amounts deferred in accumulated other comprehensive loss related to hedging activities not reflected in our Consolidated Statements of Income. The components of other comprehensive income are as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December 31,</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="15" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,442</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,216</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,307</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Other comprehensive income:</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Unrealized loss on tax increment financing bonds</font>                                                                                                                                                                          </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,659</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Unrealized derivative losses on cash-flow hedges</font>                                                                                                                                                                            </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,376</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Amortization of past cash-flow hedges</font>                                                                                                                                                                                                                                              </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>181</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>577</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>697</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total other comprehensive income</font>                                                                                                                                                                                                                                         </p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,854</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>577</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>697</font></p> </td>

        <td width="15" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total comprehensive income</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,588</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,793</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="15" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="52" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,004</font></p> </td>

        <td width="15" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>145</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="32%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="11%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>11<small>.</small></b></p> </td>

        <td width="88%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCONTINUED</small> <small>OPERATIONS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As part of our business strategy, we will from time to time selectively dispose of non-core properties in order to use the net proceeds for investments, for repayment of debt and/or retirement of Preferred Stock, or other purposes. The table below sets forth the net operating results of those assets classified as discontinued operations in our Consolidated Financial Statements. These assets classified as discontinued operations comprise 5.0 million square feet of office and industrial properties and 186 rental residential units sold during 2006, 2007 and 2008. The operations of these assets have been reclassified from our ongoing operations to discontinued operations, and we will not have any significant continuing involvement in the operations after the disposal transactions:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: left;margin-top:1.0pt;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="11" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and other revenues</font></b>                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,860</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,658</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,367</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Operating expenses:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental property and other expenses</font>                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,135</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,227</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,095</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Impairment of assets held for use</font>                                                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,600</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation and amortization</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>853</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,603</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,319</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>General and administrative</font>                                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>87</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total operating expenses</font>                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,988</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,830</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,101</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Interest expense</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>560</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><b><font size=2>Interest and other income</font></b>                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>49</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>102</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Income before net gains on sales of discontinued operations</font></b>                                                                                                                                      </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,895</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,877</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,808</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Net gains on sales of discontinued operations</font>                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>18,485</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,477</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,640</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total discontinued operations</font></b>                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,380</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,354</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,448</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="61" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Carrying value of assets held for sale and assets sold that qualified for discontinued </font><br> <font size=2>operations during the year</font>                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,181</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,952</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="61" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>316,239</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table includes the major classes of assets and liabilities of the properties held for sale:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p
style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets:</font></b></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Land, previously classified as held for development</font>                                                                                                                                                                                                                           </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,197</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,404</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net real estate assets</font>                                                                                                                                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,197</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,404</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Prepaid expenses and other</font>                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>45</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:1.0in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total assets</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,242</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,466</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Tenant security deposits, deferred rents and accrued costs </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                   </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:-0.31%;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="4%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Included in accounts payable, accrued expenses and other liabilities.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>146</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="25%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="15%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>12<small>.</small></b></p> </td>

        <td width="84%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EARNINGS</small> <small>PER</small> <small>UNIT</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table sets forth the computation of basic and diluted earnings per unit:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr style='height:4.45pt'>

        <td valign=top style=' height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December 31,</font></b></p> </td>

        <td width="14" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:4.45pt'>

        <td valign=top style=' height:4.45pt'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="11" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  height:4.45pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="14" valign=bottom style=' height:4.45pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Basic income per unit:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Numerator:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,062</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,862</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,859</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Preferred Unit distributions </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of Preferred Unit redemption/repurchase costs over carrying value </font><b><font size=1>(1)</font></b>        </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations available for common unitholders</font>                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,150</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,100</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,993</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,380</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,354</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,448</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income available for common unitholders</font>                                                                                                                                                                                                       </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,530</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,454</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,441</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Denominator:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Denominator for basic earnings per unit &#150; weighted average units </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,365</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60,225</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59,273</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:6.3pt'>

        <td nowrap valign=top style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Basic earnings per unit:</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1; height:6.3pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1;height:6.3pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.29</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.33</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.30</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.63</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Diluted income per unit:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Numerator:</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,062</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,862</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,859</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Preferred Unit distributions </font><b><font size=1>(1)</font></b>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(17,063</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of Preferred Unit redemption/repurchase costs over carrying value </font><b><font size=1>(1)</font></b>        </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,803</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations available for common unitholders</font>                </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,150</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,100</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,993</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,380</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,354</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,448</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income available for common unitholders</font>                                                                                                                                                                                                       </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,530</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,454</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37,441</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Denominator:</font></b></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Denominator for basic earnings per unit &#150; adjusted weighted average units </font><b><font size=1>(2)</font></b>                                                                                                                                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,365</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60,225</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>59,273</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.15pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Add:</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Employee and director stock options and warrants</font>                                                                                                                                                                              </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>201</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>663</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,394</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Unvested restricted stock</font>                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>263</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>250</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>286</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Denominator for diluted earnings per units &#150; adjusted weighted average</font><br> <font size=2>units and assumed conversions </font><b><font size=1>(3)</font></b>                                                                                                                                                                                                                                                 </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>62,829</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,138</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>60,953</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Diluted earnings per unit: </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.27</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations</font>                                                                                                                                                                                                                                                            </p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.32</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:60.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font>                                                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.28</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="56" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.61</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For additional disclosures regarding outstanding Preferred Units, see Note 8 included herein.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Weighted average units exclude a portion of the unvested restricted units. </font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Options and warrants aggregating approximately 1.4 million, 0.1 million and 0.2 million units were outstanding during the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively, but were not included in the computation of diluted earnings per unit because the exercise prices of the options and warrants were higher than the average market price of Common Units as reflected by the average market price of Common Stock during these periods</font><b><font size=2>.</font></b></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>147</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="36%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>12<small>.</small></b></p> </td>

        <td width="89%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>EARNINGS</small> <small>PER</small> <small>UNIT</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The number of Common Units reserved for future issuance is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p
style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Outstanding warrants</font>                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,000</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Outstanding stock options</font>                                                                                                                                                                                                                                                                                                                                                                      </p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,489,250</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,909,821</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Possible future issuance under Stock Option Plan</font>                                                                                                                                                                                                                     </p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>773,532</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,234,598</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,277,782</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:9.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,169,419</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="17%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="22%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>13<small>.</small></b></p> </td>

        <td width="77%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>WARRANTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Warrants to acquire Common Stock were issued in 1997 and 1999 in connection with property acquisitions. Upon exercise of a warrant, the Company will contribute the exercise price to the Operating Partnership in exchange for Common Units. Therefore, the Operating Partnership accounts for such warrants as if issued by the Operating Partnership. In 2006, 30,000 warrants with an exercise price of $28.00 per share were exercised, 591,715 warrants with an exercise price of $32.50 per share were exercised and 100,000 warrants with an exercise price of $34.13 were exercised. In 2007, 10,000 warrants with an exercise price of $34.13 were exercised. In 2008, 10,000 warrants with an exercise price of $32.50 were exercised. At December&nbsp;31,&nbsp;2008, there are 15,000 warrants outstanding with an exercise price of $32.50; these warrants have no expiration date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="39%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="90%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Concentration of Credit Risk</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We maintain our cash and cash equivalent investments and our restricted cash at financial or other intermediary institutions. The combined account balances at each institution typically exceed FDIC insurance coverage and, as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Operating Ground Leases</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Certain properties in our wholly owned portfolio are subject to operating ground leases expiring through 2082. Rental payments on these leases are adjusted annually based on either the consumer price index (CPI) or on a pre-determined schedule. Total expense recorded for operating ground leases was $1.4 million, $1.4 million and $1.3 million for the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As of December&nbsp;31,&nbsp;2008, our payment obligations for future minimum payments on operating ground leases were as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2009</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,142</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2010</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,125</font></p> </td>

        <td width="177" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2011</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,145</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2012</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,165</font></p> </td>

        <td width="177" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>2013</font>                                                                                                                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,186</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Thereafter</font>                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,706</font></p> </td>

        <td width="177" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:55.0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="59" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>48,469</font></p> </td>

        <td width="177" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>148</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="51%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Completion Contracts</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have approximately</font><b><font size=2> </font></b><font size=2>$41.5</font><b><font size=2> </font></b><font size=2>million of completion contracts as of December&nbsp;31,&nbsp;2008. Completion contracts are defined as payments to be made under current contractual obligations related to capital expenditures. This amount represents our estimate of contractual obligations as of December&nbsp;31,&nbsp;2008 related to various construction projects, which we expect to pay in 2009.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Environmental Matters</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Substantially all of our in-service and development properties have been subjected to Phase I environmental assessments (and, in certain instances, Phase II environmental assessments). Such assessments and/or updates have not revealed, nor is management aware of, any environmental liability that management believes would have a material adverse effect on the accompanying Consolidated Financial Statements.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>DLF I Obligation</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>At the formation of the DLF I joint venture, the amount DLF contributed in cash to the venture and subsequently distributed to us was determined to be in excess of the amount required based on its ownership interest and the agreed-upon value of the real estate assets. Under the joint venture agreement, we are required to repay this amount to DLF over 14 years. The payments of $7.2 million were discounted to net present value of $3.8 million using a discount rate of 9.62% specified in the agreement. Payments of $0.5 million were made in each of the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, of which $0.2 million, $0.2 million and $0.3 million in the years ended December&nbsp;31,&nbsp;2008, 2007 and 2006, respectively, represented imputed interest expense. The balance at December&nbsp;31,&nbsp;2008 and 2007 is $2.0 million and $2.3 million, respectively, which is included in
accounts payable, accrued expenses and other liabilities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Guarantees and Other Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The table below sets forth information about certain guarantees and other obligations as of December&nbsp;31,&nbsp;2008. The amounts reflected in the table assume we would be required to pay the maximum potential exposure with no offsets or reductions. With respect to a rent guarantee, if the space is leased, we assumed the existing tenant defaulted at December&nbsp;31,&nbsp;2008 and that the space will remain unleased through the remainder of the guaranty. If the space is vacant, we assumed the space will remain vacant through the remainder of the guaranty. Since it is assumed that no new tenant will occupy the space, lease commissions, if applicable, are excluded.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><br> <b><font size=1>Entity or Transaction</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Type of </font></b><br> <b><font size=1>Guarantee or Other Obligation</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Amount</font></b><br> <b><font size=1>Recorded/</font></b><br> <b><font size=1>Deferred</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Date</font></b><br> <b><font size=1>Guarantee</font></b><br> <b><font size=1>Expires</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1'>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Debt</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=top style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>11/2015</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>281 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>8/2010</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22 </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>11/2009 </font><br> <font size=2>and </font><br> <font size=2>11/2011</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC and Dallas County Partners I, LP</font>                               </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>58 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>6/2014</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>RRHWoods, LLC</font>                                                                                                                                                                                                                                               </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Debt</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>3/2017</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Plaza Colonnade</font>                                                                                                                                                                                                                                                     </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Indirect Debt </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>12/2009</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>Environmental costs </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>125 </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>When </font><br> <font size=1>Remediated</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>HIW-KC Orlando, LLC</font>                                                                                                                                                                                                           </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Rent </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>226 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=2>4/2011</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>HIW-KC Orlando, LLC</font>                                                                                                                                                                                                           </p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Leasing Costs</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>295 </font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>Until Paid</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:justify;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Capitalized Lease Obligations</font>                                                                                                                                                                     </p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="222" nowrap valign=top >
<p style='margin-left:20.5pt;text-indent:-20.5pt;text-align:justify;margin-top:2pt;margin-bottom:0pt'><font size=2>Debt</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="57" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>134 </font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>Various</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>149</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="51%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Des Moines Joint Ventures </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We guarantee $8.6 million of debt of a consolidated affiliate of the RRH Woods, LLC joint venture. This guarantee was entered into prior to the January&nbsp;1,&nbsp;2003 and therefore, no liability for the debt guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. Our maximum potential exposure under this guarantee was $8.6 million at December&nbsp;31,&nbsp;2008. Recourse provisions exist that would enable us to recover some or all of any such payments from the joint venture&#146;s assets. This guarantee is scheduled to expire in November 2015. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC joint venture, we guarantee $3.1 million relating to a letter of credit and a corresponding master lease. The guarantee requires us to pay under a contingent master lease if the cash flows from the building securing the letter of credit do not cover at least 50% of the minimum debt service. During 2008, 2007 and 2006, we made master lease payments of $0.1 million, $0.1 million and $39,000, respectively. As a result of this guarantee, we have recorded $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007. Our maximum potential exposure under this guarantee was $3.1 million at December&nbsp;31,&nbsp;2008. This guarantee is scheduled to expire in August 2010. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC joint venture, we guarantee $3.3 million of the joint venture&#146;s debt. Because the joint venture currently is expected to generate sufficient cash flow to cover the required debt service, no liability for this guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. In addition, we agreed to a master lease for 50% of the debt service should the joint venture not generate sufficient cash flow to cover the required debt service. As a result of this master lease, we have recorded $22,000 and $30,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this guarantee was $3.3 million at December&nbsp;31,&nbsp;2008. Recourse provisions
exist that would enable us to recover some or all of any such payments from the joint venture&#146;s assets. This guarantee is scheduled to expire in November 2009, but at the option of the joint venture may be extended to November 2011.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the RRH Woods, LLC and Dallas County Partners joint ventures, we agreed to master lease certain vacant space and guarantee $0.8 million of debt. No master lease payments were necessary in 2008 or 2007. Because the joint ventures currently are expected to generate sufficient cash flow to cover the required debt service, no liability for the debt guarantee was recorded at December&nbsp;31,&nbsp;2008 or 2007. As a result of this master lease, we have recorded $58,000 and $68,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this master lease was $1.6 million at December&nbsp;31,&nbsp;2008. Our maximum potential exposure under the debt guarantee was $0.8
million at December&nbsp;31,&nbsp;2008. This guarantee is scheduled to expire in June 2014.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by RRH Woods, LLC, our joint venture partner provided a $1.5 million letter of credit. We agreed to reimburse our partner for 50% of the letter of credit in the event of a default by the joint venture of the underlying debt. Because the joint venture currently is expected to generate sufficient cash flow to cover the required debt service, no liability for this obligation was recorded at December&nbsp;31,&nbsp;2008 or 2007. Our maximum potential exposure under this guarantee was $0.8 million at December&nbsp;31,&nbsp;2008. This obligation is scheduled to expire in March 2017.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Plaza Colonnade, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>To facilitate a financing by the Plaza Colonnade, LLC joint venture, we agreed to master lease 30,772 square feet through December 2009. As a result of this master lease, we have recorded $4,000 and $8,000 in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in unconsolidated affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Our maximum potential exposure under this master lease was $0.4 million at December&nbsp;31,&nbsp;2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>150</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

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    <tr >

        <td width="7%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>14<small>.</small></b></p> </td>

        <td width="92%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>COMMITMENTS</small> <small>AND</small> <small>CONTINGENCIES</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Industrial</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As part of the sale of an industrial property in December 2003, we indemnified the buyer with respect to environmental concerns of up to $0.1 million. As a result, $0.1 million of the gain was deferred in accounts payable, accrued expenses and other liabilities at the time of sale and will remain deferred until the environmental concerns are remediated. Our exposure for environmental remediation continues until remediation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - HIW-KC Orlando, LLC</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>As part of the formation of HIW KC Orlando, LLC, we agreed to master lease 3,248 rentable square feet. During 2008, 2007 and 2006, we made master lease payments of $27,000, $21,000 and $26,000, respectively. As a result of this master lease, we have recorded $0.2 million and $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in investments in affiliates in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007, respectively. Additionally, we agreed to guarantee the initial leasing costs, originally estimated at $4.1 million, for approximately 11% of the total square feet of the property owned by the joint venture. During 2006, we made payments of $8,000 under this arrangement. As a result of this guarantee, we have recorded $0.3 million in accounts payable, accrued expenses and other liabilities and as a deferred charge in
investments in affiliates in our Consolidated Balance Sheets at both December&nbsp;31,&nbsp;2008 and 2007. Our maximum potential exposure under the master lease was $0.2 million at December&nbsp;31,&nbsp;2008. Our maximum potential exposure for leasing costs was $0.3 million at December&nbsp;31,&nbsp;2008. The master lease is scheduled to expire in April 2011. Our exposure for leasing costs continues until paid. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2%;text-align:justify;'><b><font size=2> - Capitalized Lease Obligations</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We have capitalized lease obligations of $0.1 million related to office equipment, which is included in accounts payable, accrued expenses and other liabilities in our Consolidated Balance Sheets at December&nbsp;31,&nbsp;2008 and 2007.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Litigation, Claims and Assessments</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>We are from time to time a party to a variety of legal proceedings, claims and assessments arising in the ordinary course of our business. We regularly assess the liabilities and contingencies in connection with these matters based on the latest information available. For those matters where it is probable that we have incurred or will incur a loss and the loss or range of loss can be reasonably estimated, the estimated loss is accrued and charged to income in our Consolidated Financial Statements. In other instances, because of the uncertainties related to both the probable outcome and amount or range of loss, a reasonable estimate of liability, if any, cannot be made. Based on the current expected outcome of such matters, none of these proceedings, claims or assessments is expected to have a material adverse effect on our business, financial condition, results of operations or cash flows.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>151</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="6%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>15.</font></b></p> </td>

        <td width="93%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCLOSURE</small> <small>ABOUT</small> <small>FAIR</small> <small>VALUE</small> <small>OF</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>SFAS No. 157 provides a framework for measuring fair value and requires expanded disclosure regarding fair value measurements. SFAS No. 157 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. SFAS No. 157 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that we use to measure fair value, as well as the assets and liabilities that we value using those levels of inputs.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Level 1.</font></b><font size=2> Quoted prices in active markets for identical assets or liabilities. Our Level 1 assets are comprised of investments in marketable securities which we use to pay benefits under our deferred compensation plan. Our Level&nbsp;1 liabilities are our obligations to pay certain deferred compensation plan benefits whereby participants have designated investment options (primarily mutual funds) to serve as the basis for measurement of the notional value of their accounts.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Level 2.</font></b><font size=2> Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Our Level 2 assets are interest rate swaps whose fair value is determined using a price model predicated upon observable market inputs. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><b><font size=2>Level 3.</font></b><font size=2> Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Level 3 asset is our tax increment financing bond that is not routinely traded but whose fair value is determined using an estimate of projected redemption value predicated upon quoted bid/ask prices for similar unrated municipal bonds. In December&nbsp;2007, we acquired for $20.9 million the remaining outstanding bonds, at par value, that were issued by a municipal authority in connection with this tax increment financing. These available for-sale securities are carried at estimated fair value in prepaid and other assets with unrealized gains or losses reported in accumulated other comprehensive loss. The fair value of these bonds has been significantly below carrying value for two quarters due to the lack of demand in the relevant private placement markets caused by the current dislocations in the credit markets. We believe these bonds will recover in value in the future due to the
quality of the underlying collateral.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Level 3 liability is our SF-HIW Harborview Plaza, LP financing obligation that is not traded but whose fair value is determined using an estimate of discounted cash flows dependent on future leasing assumptions for the property. See Note 3 for further discussion of this financing obligation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>152</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>15.</font></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCLOSURE</small> <small>ABOUT</small> <small>FAIR</small> <small>VALUE</small> <small>OF</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following tables set forth the financial assets and liabilities as of December&nbsp;31,&nbsp;2008 that we measured at fair value on a recurring basis by level within the fair value hierarchy. As required by SFAS No. 157, assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>

<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fair Value Measurements Using</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Level 1</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Level 2</font></b></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Level 3</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Balance at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Quoted Prices in</font></b><br> <b><font size=1>Active Markets</font></b><br> <b><font size=1>for Identical</font></b><br> <b><font size=1>Assets</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><b><font size=1>Significant</font></b><br> <b><font size=1>Other</font></b><br> <b><font size=1>Observable</font></b><br> <b><font size=1>Inputs</font></b></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Significant</font></b><br> <b><font size=1>Unobservable</font></b><br> <b><font size=1>Inputs</font></b></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Assets</font></b></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Marketable securities (in prepaid expenses and </font><br> <font size=2>other assets) </font><b><font size=1>(1)</font></b>                                                                                                                                                                            </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bond (in prepaid </font><br> <font size=2>expenses and other assets)</font>                                                                                                      </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:35.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total Assets</font></b>                                                                                                                                                                                                       </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,890</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.75pt'>

        <td nowrap valign=top style=' height:9.75pt'>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style=' height:9.75pt'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='  height:9.75pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style=' height:9.75pt'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liabilities</font></b></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest rate swaps (in accounts payable, accrued </font><br> <font size=2>expenses and other liabilities)</font>                                                                                  </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred compensation (in accounts payable, </font><br> <font size=2>accrued expenses and other liabilities)</font>                             </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>SF-Harborview Plaza, LP financing obligation</font>              </p> </td>

        <td width="17" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="17" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="17" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:35.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><b><font size=2>Total Liabilities</font></b>                                                                                                                                                                                  </p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24,502</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="17" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="78" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="17" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The marketable securities are held through our officer deferred compensation plans.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align: center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fair Value</font></b><br> <b><font size=1>Measurements</font></b><br> <b><font size=1>Using </font></b><br> <b><font size=1>Significant</font></b><br> <b><font size=1>Unobservable</font></b><br> <b><font size=1>Inputs</font></b><br> <b><font size=1>(Level 3)</font></b></p> </td>

        <td width="18" valign=bottom >
<p
style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Asset:</font></b></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Tax Increment Financing Bond</font></b></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Beginning balance as of December&nbsp;31,&nbsp;2007</font>                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Transfer into Level 3</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,541</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Principal repayment</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(790</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Unrealized loss (in AOCL)</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,283</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Ending balance as of December&nbsp;31,&nbsp;2008</font>                                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Liability:</font></b></p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>SF-Harborview Plaza, LP Financing Obligation</font></b></p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Beginning balance as of December&nbsp;31,&nbsp;2007</font>                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,566</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Payments on financing obligation</font>                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,579</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Interest expense on financing obligation</font>                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,617</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:30.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Ending balance as of December&nbsp;31,&nbsp;2008</font>                                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="81" nowrap valign=bottom style=' border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,604</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>153</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="74%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>15.</font></b></p> </td>

        <td width="94%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>DISCLOSURE</small> <small>ABOUT</small> <small>FAIR</small> <small>VALUE</small> <small>OF</small> <small>FINANCIAL</small> <small>INSTRUMENTS</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following disclosures of estimated fair value were determined by management using available market information and appropriate valuation methodologies. Considerable judgment is used to interpret market data and develop estimated fair values. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize upon disposition of the financial instruments. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair values. The carrying amounts and estimated fair values of our financial instruments were as follows: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Carrying</font></b><br> <b><font size=1>Amount</font></b></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fair Value</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><u><b><font size=2>December 31,2008</font></b></u><u></u></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash and cash equivalents</font>                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,649</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,649</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,258</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,258</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accounts and notes receivable</font>                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,289</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,289</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Marketable securities (in prepaid expenses and other assets)</font>                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,422</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bonds (in prepaid expenses and other assets)</font>                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>17,468</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,604,685</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,330,899</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>34,174</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32,219</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest rate swaps (in accounts payable, accrued expenses and other liabilities)</font>                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,376</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred compensation (in accounts payable, accrued expenses and other liabilities)</font>              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,522</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><u><b><font size=2>December 31,2007</font></b></u><u></u></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Cash and cash equivalents</font>                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,144</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,144</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Restricted cash</font>                                                                                                                                                                                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,896</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,896</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accounts and notes receivable</font>                                                                                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,747</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,747</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Marketable securities (in prepaid expenses and other assets)</font>                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,194</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,194</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Tax increment financing bonds (in prepaid expenses and other assets)</font>                                                                                                        </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,915</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,915</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Mortgages and notes payable</font>                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,641,987</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,632,894</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Financing obligations</font>                                                                                                                                                                                                                                                                                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,071</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,852</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Interest rate swaps (in accounts payable, accrued expenses and other liabilities)</font>                                              </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>183</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>183</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Deferred compensation (in accounts payable, accrued expenses and other liabilities)</font>              </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,867</font></p> </td>

        <td width="13" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="83" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,867</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The fair values of our mortgages and notes payable and financing obligations were estimated using discounted cash flow analysis based on available rates on similar borrowing arrangements at December&nbsp;31,&nbsp;2008 and 2007. The carrying amounts of our cash and cash equivalents, accounts and notes receivable equal or approximate fair value.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Disclosures about the fair value of financial instruments are based on relevant information available to us at December&nbsp;31,&nbsp;2008. Although management is not aware of any factors that would have a material effect on the fair value amounts reported herein, such amounts have not been revalued since that date and current estimates of fair value may significantly differ from the amounts presented herein. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>154</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="20%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="18%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>16<small>.</small></b></p> </td>

        <td width="81%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>INCOME</small> <small>TAXES</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our Consolidated Financial Statements include operations of the Company&#146;s taxable REIT subsidiary, which is not entitled to the dividends paid deduction and is subject to corporate, state and local income taxes. As a REIT, the Company may also be subject to certain federal excise taxes if it engages in certain types of transactions.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Other than the liability for an uncertain tax position and related accrued interest discussed below, no provision has been made for federal and state income taxes for the Company or the Operating Partnership during the years ended December&nbsp;31,&nbsp;2008, 2007and 2006 because the Company qualified as a REIT, distributed the necessary amount of taxable income and, therefore, incurred no income tax expense during the periods. The taxable REIT subsidiary has operated at a cumulative taxable loss through December&nbsp;31,&nbsp;2008 of approximately $12.8 million and has paid no income taxes since its formation. In addition to the $5.0 million deferred tax asset for these cumulative tax loss carryforwards, the taxable REIT subsidiary also had net deferred tax liabilities of approximately $2.2 million comprised primarily of tax versus book basis differences in certain investments and
depreciable assets held by the taxable REIT subsidiary. Because the future tax benefit of the cumulative losses is not assured, the approximate $2.8 million net deferred tax asset position of the taxable REIT subsidiary has been fully reserved as management does not believe that it is more likely than not that the net deferred tax asset will be realized. Accordingly, no tax benefit has been recognized in the accompanying Consolidated Financial Statements. The tax benefit of the cumulative losses could be recognized for financial reporting purposes in future periods to the extent the taxable REIT subsidiary generates sufficient taxable income. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>On January&nbsp;1,&nbsp;2007, the Operating Partnership recorded no liabilities for uncertain tax positions. However, the Company recorded a $1.4 million liability, which included $0.2 million of accrued interest, for an uncertain tax position, with the related expense reflected as a reduction to the beginning balance of distributions in excess of net earnings. This liability was included in accounts payable, accrued expenses and other liabilities. During the third quarter of 2007, the liability for the uncertain tax position was released, and income recognized, upon the expiration of the applicable statute of limitations. In addition, the liability of $0.05 million of interest that was accrued in 2007 relating to this liability was also released. If this liability for the uncertain tax position and any related interest or penalties had ever been paid by the Company, the Operating
Partnership would have reimbursed the Company for these costs, as provided under the partnership agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Company is subject to federal, state and local income tax examinations by tax authorities for 2005 through 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>155</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>17<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>SEGMENT</small> <small>INFORMATION</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Our principal business is the acquisition, development and operation of rental real estate properties. We evaluate our business by product type and by geographic locations. These segments and our disclosures below are expanded from what we reported in prior years due to expanded internal reporting information used by our chief operating decision makers starting in the first quarter of 2008. Each product type has different customers and economic characteristics as to rental rates and terms, cost per square foot of buildings, the purposes for which customers use the space, the degree of maintenance and customer support required and customer dependency on different economic drivers, among others. The operating results by geographic grouping are also regularly reviewed by our chief operating decision maker for assessing performance and other purposes. There are no material inter-segment transactions. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The accounting policies of the segments are the same as those described in Note 1 included herein. All operations are within the United States and, at December&nbsp;31,&nbsp;2008, no tenant of the Wholly Owned Properties comprised more than 7.5% of our consolidated revenues. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following table summarizes the rental income, net operating income and assets for each reportable segment:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Rental and Other Revenues: </font><font size=1>(1) (2) (3)</font></b></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Office:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Atlanta, GA</font>                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47,010</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43,579</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>40,493</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Greenville, SC</font>                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,039</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,324</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,044</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,409</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,443</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,282</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Memphis, TN</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,822</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>24,230</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>22,069</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Nashville, TN</font>                                                                                                                                                                                                                                                                                  </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,090</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>51,190</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>46,991</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Orlando, FL</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>11,447</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,851</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,385</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC</font>                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>26,611</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>25,413</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>27,187</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Raleigh, NC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>70,512</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>63,058</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,381</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Richmond, VA</font>                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>47,916</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>45,159</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,906</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Tampa, FL</font>                                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>65,778</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,564</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>57,675</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Office Segment</font>                                                                                                                                                                                                  </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>385,634</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>352,811</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>329,413</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Industrial:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Atlanta, GA</font>                                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,783</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,978</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,270</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Greenville, SC</font>                                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>180</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>305</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>32</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC</font>                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>14,310</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,593</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,821</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Industrial Segment</font>                                                                                                                                                                                </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>30,113</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>29,771</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>28,428</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Retail:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>43,491</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,119</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>41,814</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Piedmont Triad, NC</font>                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>559</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>564</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>526</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Retail Segment</font>                                                                                                                                                                                                       </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,050</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>44,683</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>42,340</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Residential:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Kansas City, MO</font>                                                                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,206</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,181</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,123</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Total Residential Segment</font>                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,206</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,181</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,123</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total Rental and Other Revenues</font>                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>401,304</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>156</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>17<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>SEGMENT</small> <small>INFORMATION</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Years Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Net Operating Income: (1) (2) (3)</font></b></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Office:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,693</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,457</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>25,507</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,549</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,923</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,974</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9,240</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8,414</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,655</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Memphis, TN</font>                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>15,124</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,704</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,780</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Nashville, TN</font>                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>40,110</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,781</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>29,670</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,296</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,375</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,134</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>17,152</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>16,727</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>18,564</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>46,386</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>40,425</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>36,390</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Richmond, VA</font>                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,178</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>30,998</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,523</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Tampa, FL</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>39,290</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>36,821</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>32,890</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Other</font>                                                                                                                                                                                                                                                                                                                                         </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(104</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(96</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(111</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Office Segment</font>                                                                                                                                                                                                              </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>242,914</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>221,529</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>203,976</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Industrial:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,970</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>12,556</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,917</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>40</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>85</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>8</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>21</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,010</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,612</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>9,798</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Industrial Segment</font>                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>22,988</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>23,217</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>21,821</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Retail:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(25</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(23</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(26</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,506</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>29,773</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,381</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>441</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>459</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>432</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(93</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(86</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(72</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Retail Segment</font>                                                                                                                                                                                                                 </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,829</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>30,123</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,715</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Residential:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                     </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(29</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(94</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>833</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>865</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>867</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(111</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(101</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(110</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(33</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(84</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(95</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Residential Segment</font>                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>689</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>651</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>568</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Net Operating Income</font>                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>295,420</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>275,520</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>255,080</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Reconciliation to income before disposition of property and </font></b><br> <b><font size=1>condominiums, insurance gain, minority interest and </font></b><br> <b><font size=1>equity in earnings of unconsolidated affiliates:</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Depreciation and amortization</font>                                                                                                                                                                                                                                </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(126,767</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(120,254</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(110,983</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Impairment of assets held for use</font>                                                                                                                                                                                                               </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(32,846</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(789</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>General and administrative expense</font>                                                                                                                                                                                                   </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(38,187</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(41,930</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(37,100</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Interest expense</font>                                                                                                                                                                                                                                                                                                                 </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(98,492</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100,256</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>(100,730</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Interest and other income</font>                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,766</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,382</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,613</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:-20.0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>Income before disposition of property and condominiums, insurance </font><br> <font size=1>gain, minority interest and equity in earnings of unconsolidated </font><br> <font size=1>affiliates</font>                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,894</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>18,673</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>13,880</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:50%;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Net of discontinued operations.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>

        <td  valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Piedmont Triad market encompasses the Greensboro and Winston-Salem metropolitan area.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>

        <td  valign=top style='padding:3.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Raleigh market encompasses the Raleigh, Durham, Cary and Research Triangle metropolitan area.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>157</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="5%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>17<small>.</small></b></p> </td>

        <td width="95%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>SEGMENT</small> <small>INFORMATION</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align: center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-top:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent: 3.0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=1>Total Assets: </font></b></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Office:</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>277,472</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>276,283</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>268,848</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Baltimore, MD</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,793</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,155</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>11,661</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>83,554</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>87,663</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>112,515</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>87,954</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>104,076</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>107,004</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Memphis, TN</font>                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>187,316</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>134,962</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>133,762</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Nashville, TN</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>348,068</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>349,351</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>312,154</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>50,852</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>51,361</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>45,684</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>148,511</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>182,470</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>189,809</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>469,448</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>442,434</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>408,359</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Richmond, VA</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>257,221</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>259,707</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>259,602</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Tampa, FL</font>                                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>379,146</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>389,407</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>369,307</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Office Segment</font>                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,291,335</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,287,869</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,218,705</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Industrial:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>137,510</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>124,759</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>119,470</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,305</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>123</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>152</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>134</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>100,429</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>108,234</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>104,212</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Industrial Segment</font>                                                                                                                                                                                                  </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>238,062</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>233,145</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>228,121</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Retail:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Atlanta, GA</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,070</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>978</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,115</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>224,603</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>230,556</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>236,702</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Piedmont Triad, NC</font>                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>10,423</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>7,960</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,497</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>4,452</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,225</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>3,573</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Retail Segment</font>                                                                                                                                                                                                                      </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>240,548</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>242,719</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>247,887</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Residential:</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Greenville, SC</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&#151;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,100</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Kansas City, MO</font>                                                                                                                                                                                                                                                                           </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,471</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,834</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>6,691</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>Orlando, FL</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,147</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,147</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>1,994</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:20.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Raleigh, NC</font>                                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>28,698</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>18,032</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>5,774</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:40.0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Total Residential Segment</font>                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>37,316</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>27,013</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>20,559</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>Corporate</font>                                                                                                                                                                                                                                                                                                                                                    </p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>137,595</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>135,058</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>122,377</font></p> </td>

        <td width="18" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>Total Assets</font>                                                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,944,856</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,925,804</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="18" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>2,837,649</font></p> </td>

        <td width="18" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="20%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="18%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>18</font><small>.</small></b></p> </td>

        <td width="81%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>OTHER</small> <small>EVENTS</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Settlement of Tenant Bankruptcy Claim</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2006, we received shares of Redback Networks, Inc., a public company, in settlement of a bankruptcy claim by us related to leases with this former tenant that were terminated in 2003. The shares were sold for net cash proceeds of $1.6 million and recorded as interest and other income. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Property Insurance Settlement</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In the fourth quarter of 2005, one of our office properties located in southeastern Florida sustained damage in a hurricane. During the first quarter of&nbsp;2007, we recorded a $4.1 million gain for the non-monetary conversion upon finalization of the insurance claim.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Subsequent Events</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In January&nbsp;2009, we paid off at maturity $50.0 million of 8.125% unsecured notes using borrowings under our revolving credit facility.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>158</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="45%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="9%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><font size=2>19</font><small>.</small></b></p> </td>

        <td width="91%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>QUARTERLY</small> <small>FINANCIAL</small> <small>DATA</small> <small>(</small><font size=2>Unaudited</font><small>)</small></b></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The following tables set forth quarterly financial information for our fiscal years ended December&nbsp;31,&nbsp;2008 and 2007 and have been adjusted to reflect discontinued operations:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Year Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>First</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Second</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Third</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fourth</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues </font><b><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,434</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,015</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,451</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>117,103</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>461,003</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:.25in;text-indent:0in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations </font><b><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,129</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,033</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,088</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(21,188</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,062</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations </font><b><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,394</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,777</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,408</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,801</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,380</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income/(loss)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>16,523</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,810</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,496</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(14,387</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>33,442</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions on preferred units</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,451</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,677</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(9,804</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of preferred unit redemption/repurchase</font><br> <font size=2>cost over carrying value</font></p> </td>


        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(108</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income/(loss) available for common </font><br> <font size=2>unitholders</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>13,685</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,972</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,937</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(16,064</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>23,530</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income/(loss) per unit-basic:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.16</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.12</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.34</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.09</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.06</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.10</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.33</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income/(loss)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.23</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.24</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.38</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income/(loss) per unit-diluted:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income/(loss) from continuing operations</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.16</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.12</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.34</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.05</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.09</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.06</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.10</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.32</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income/(loss)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.23</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(0.24</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.37</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="14" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Year Ended December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><font size=1>&nbsp;</font><b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>First</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Second</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Third</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Fourth</font></b><br> <b><font size=1>Quarter</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues </font><b><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>104,551</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>103,816</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>106,997</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,082</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>428,446</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:.25in;text-indent:0in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations </font><b><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,388</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,700</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,779</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,995</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>54,862</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations </font><b><font size=1>(1)</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>21,141</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,859</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,638</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,716</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39,354</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Net income</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>56,529</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>9,559</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,417</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>15,711</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>94,216</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Distributions on preferred units</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4,113</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(3,846</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,680</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(13,477</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Excess of preferred unit redemption/repurchase</font><br> <font size=2>cost over carrying value</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,443</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(842</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,285</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.25in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income available for common unitholders</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>52,416</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,270</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,895</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,873</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>78,454</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.15in'>

        <td nowrap valign=top style=' height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='height:.15in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style=' height:.15in'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per unit-basic:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.52</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.04</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.02</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.35</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.03</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.13</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.14</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.65</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.87</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.30</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><b><font size=2>Net income per share-diluted:</font></b></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.51</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.04</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.02</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom >
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.34</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.03</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.13</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.14</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.64</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Net income</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.85</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.07</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.15</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>0.21</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="62" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1.28</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>159</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>





<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>(tabular dollar amounts in thousands, except per unit data)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="57%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="6%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b>19<small>.</small></b></p> </td>

        <td width="93%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><b><small>QUARTERLY</small> <small>FINANCIAL</small> <small>DATA</small> <small>(</small><font size=2>Unaudited</font><small>)</small> <small>-</small> <font size=2>Continued</font></b></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The amounts presented for the first three quarters are not equal to the same amounts previously reported in Form 10-Q for each period as a result of discontinued operations. Below is the reconciliation to the amounts previously reported in Form </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:justify;'><font size=2>10-Q:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="99%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Quarter Ended</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>March 31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>June 30,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>September 30,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues previously reported</font>                                                                                                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>114,094</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,853</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>116,207</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(660</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(838</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(756</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised rental and other revenues</font>                                                                                                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,434</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,015</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,451</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations previously reported</font>                                                                                             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,383</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,383</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,306</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(254</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(350</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(218</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from continuing operations</font>                                                                                                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,129</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>10,033</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>12,088</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations previously reported</font>                                                                               </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,140</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,427</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,190</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Additional discontinued operations from properties sold subsequent </font><br> <font size=2>to the respective reporting period</font>                                                                                                                                                                                                            </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>254</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>350</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>218</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from discontinued operations</font>                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,394</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>5,777</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,408</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:2pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="11" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>For the Quarter Ended</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14"
valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>March 31,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>June 30,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>September 30,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom style='border-top:solid black 1.0pt; '>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December 31,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Rental and other revenues previously reported</font>                                                                       </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>105,462</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>105,146</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>107,580</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115,111</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(911</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,330</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(583</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,029</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised rental and other revenues</font>                                                                                                                      </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>104,551</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>103,816</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>106,997</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>113,082</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from continuing operations previously reported</font>             </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,776</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,515</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,894</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,588</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Discontinued operations</font>                                                                                                                                                                                                                </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(388</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(815</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(115</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(593</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from continuing operations</font>                                                        </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>35,388</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,700</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>4,779</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>6,995</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:20.0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Income from discontinued operations previously reported</font>                                                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>20,753</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,044</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,523</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,123</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td valign=top >
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Additional discontinued operations from properties sold</font><br> <font size=2>subsequent to the respective reporting period</font>                                                  </p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>388</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>815</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>115</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>593</font></p> </td>

        <td width="14" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Revised income from discontinued operations</font>                                          </p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>21,141</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="65" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,859</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="69" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>7,638</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="14" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="66" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>8,716</font></p> </td>

        <td width="14" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>160</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><A NAME="TOC36"></A><font SIZE=2>SCHEDULE II</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>As of December 31, 2008, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:center;'><font size=2>A summary of activity for Valuation and Qualifying Accounts and Reserves</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Balance at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>

<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Additions</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Deductions</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Balance at </font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2008</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Straight Line Rent</font>                                                                  </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>440 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,905</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(263</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,082</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Accounts Receivable</font>                                              </p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>935 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,091</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(745</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,281</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Notes Receivable</font>                                                                     </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>68 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>395</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(4</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>459</font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Totals</font>                                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,443 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,391</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,012</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,822</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Balance at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2006</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>

<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Additions</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Deductions</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Balance at </font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2007</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Straight Line Rent</font>                                                                  </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>301 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>747 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(608</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>440 </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Accounts Receivable</font>                                              </p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,253 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>422 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(740</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>935 </font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Notes Receivable</font>                                                                     </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>786 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(718</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>68 </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Disposition Reserve</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>75 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(75</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Totals</font>                                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,415 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,169 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,141</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,443 </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Balance at</font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2005</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>

<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Additions</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Deductions</font></b></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Balance at </font></b><br> <b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b><br> <b><font size=1>2006</font></b></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Straight Line Rent</font>                                                                  </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>609 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>915 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,223</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>301 </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Accounts Receivable</font>                                              </p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,618 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>272 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(637</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,253 </font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Allowance for Doubtful Accounts - Notes Receivable</font>                                                                     </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>876 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>39</font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(129</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>786 </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Disposition Reserve</font>                                                                                                                                                                                                                                                                                        </p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>100 </font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="8" valign=top >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(25</font></p> </td>

        <td width="8" valign=bottom >
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>75</font></p> </td>

        <td width="11" valign=bottom >
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Totals</font>                                                                                                                                                                                                                                                                                                                                                                               </p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,203 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>1,226 </font></p> </td>

        <td width="8" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(2,014</font></p> </td>

        <td width="8" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="12" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>2,415 </font></p> </td>

        <td width="11" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>161</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
</DIV>




<p style='page-break-before:always'></p>






<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=1><a href="#TOC23">Table of Contents</a></font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>NOTE TO SCHEDULE III</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>As of December 31, 2008, 2007 and 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>A summary of activity for real estate and accumulated depreciation is as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>December</font></b><font size=1>&nbsp;</font><b><font size=1>31,</font></b></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top
style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Real estate:</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Balance at beginning of year</font>                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,180,661</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,072,335 </font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,201,720 </font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Additions:</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Acquisitions, development and improvements</font>                                                                                                       </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>184,208</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>247,152 </font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>137,723 </font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Previously unconsolidated affiliate</font>                                                                                                                                                                            </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>46,247 </font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Cost of real estate sold and retired</font>                                                                                                                                                                                 </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(91,965</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(138,826</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(313,355</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Balance at close of year (a)</font>                                                                                                                                                                                                                                                         </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,272,904</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,180,661 </font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,072,335 </font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Accumulated depreciation:</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Balance at beginning of year</font>                                                                                                                                                                                                                                                 </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>649,765</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>595,136 </font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>579,625 </font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Depreciation expense</font>                                                                                                                                                                                                                                                               </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>110,988</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>107,793 </font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>101,462 </font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Previously unconsolidated affiliate</font>                                                                                                                                                                            </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0.5pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0.5pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0.5pt'><font size=2>4,610</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.75in;text-indent:-.25in;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Real estate sold and retired</font>                                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(46,529</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(53,164</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(90,561</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.5in;text-indent:-.25in;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Balance at close of year (b)</font>                                                                                                                                                                                                                                                        </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>714,224</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>649,765 </font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>595,136 </font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>&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;</font></u><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Reconciliation of total cost to balance sheet caption:</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total per Schedule III</font>                                                                                                                                                                                                                                                                                            </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="74" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,272,904</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-top:solid black 1.0pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,180,661</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="74" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,072,335</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Construction in progress exclusive of land included in Schedule III</font>  </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>61,938</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>101,661 </font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='background:white; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>101,899 </font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Property held for sale</font>                                                                                                                                                                                                                                                                                             </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(1,242</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(10,466</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='background:#C6D9F1; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(51,150</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Reclassification adjustment for discontinued operations</font>                                                                         </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="74" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>37 </font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total real estate assets at cost</font>                                                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="74" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,333,600</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="76" nowrap valign=bottom style=' border-bottom:double black 2.25pt; background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,271,856 </font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="74" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>3,123,121 </font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Reconciliation of total accumulated depreciation to balance sheet caption:</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td valign=top style='background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008</font></b></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2007</font></b></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2006</font></b></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0.5pt'><font size=2>Total per Schedule III</font>                                                                                                                                                                                                                                                                                                          </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>714,224</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>649,765 </font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-top: solid black 1.0pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>595,136 </font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:white; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>Property held for sale</font>                                                                                                                                                                                                                                                                                                           </p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151;</font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>&#151; </font></p> </td>

        <td width="13" valign=top style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:white'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>(6,829</font></p> </td>

        <td width="13" valign=bottom style='background:white'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=2>)</font></p> </td> </tr>
    <tr >

        <td nowrap valign=top style='background:#C6D9F1; '>
<p style='margin-left:.25in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=2>Total accumulated depreciation</font>                                                                                                                                                                                                                                              </p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:-0.7pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>714,224</font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>649,765 </font></p> </td>

        <td width="13" valign=top style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>

        <td width="13" valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=2>$</font></p> </td>

        <td width="75" nowrap valign=bottom style='border-bottom: double black 2.25pt;background: #C6D9F1'>
<p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=2>588,307 </font></p> </td>

        <td width="13" valign=bottom style='background:#C6D9F1'>
<p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>162</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>

<p style='page-break-before:always'></p>
</DIV>





<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:4pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:2pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:2pt;text-align:center;'><font size=2>December 31, 2008</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Atlanta, GA</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>1700 Century Circle</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,482 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>380 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,862 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,864 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>621 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>1800 Century Boulevard</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,443 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>29,081 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,872 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,444 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>38,953 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>40,397 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,678 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1975</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>1825 Century Center </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>864 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>303 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,166 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,167 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,166 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,333 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,117 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>1875 Century Boulevard</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,924 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,923 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,847 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,847 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,461 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1976</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>1900 Century Boulevard</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,744 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>902 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,646 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,646 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,767 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1971</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2200 Century Parkway</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,432 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,371 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,803 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,803 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,440 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1971</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2400 Century Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>406 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,602 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>406 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,602 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,008 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,297 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2500 Century Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>328 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,231 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>328 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,231 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,559 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,696 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2005</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2500/2635 Parking Garage</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,242 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,242 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,242 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>482 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2005</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2600 Century Parkway</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,679 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,686 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,365 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,365 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,186 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1973</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2635 Century Parkway</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,643 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,905 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>24,548 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>24,548 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,621 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1980</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>2800 Century Parkway</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,449 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,869 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>23,318 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>23,318 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,221 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>50 Glenlake</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,500 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,006 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,232 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,500 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>22,238 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>24,738 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,018 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>6348 Northeast Expressway</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>275 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,655 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>189 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>275 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,844 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,119 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>572 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1978</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>6438 Northeast Expressway</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>180 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,216 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>370 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>179 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,586 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,765 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>768 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1981</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Bluegrass Lakes I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>816 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>336 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,966 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,152 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,966 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,118 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>896 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Bluegrass Place I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>491 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,061 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>313 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>491 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,374 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,865 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>596 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1995</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Bluegrass Place II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>412 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,583 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>63 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>412 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,646 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,058 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>744 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Bluegrass Valley</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,500 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>409 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,723 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,909 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,723 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,632 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,434 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2000</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Bluegrass Valley Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,711 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(14,784</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,927 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,927 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Century Plaza I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,290 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,567 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,921 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,290 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,488 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,778 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,800 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1981</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Century Plaza II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,380 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,733 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,474 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,380 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,207 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,587 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,342 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chastain Place I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>451 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>341 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,963 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>792 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,963 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,755 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>899 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chastain Place II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>599 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>194 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,516 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>793 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,516 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,309 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>498 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chastain Place III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>539 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>173 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,272 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>712 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,272 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,984 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>302 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Corporate Lakes</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,265 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,243 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>862 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,265 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,105 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,370 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,400 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font SIZE=1>DHS/ICE</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,100 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,746 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,670 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,846 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,670 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,516 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>694 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Gwinnett Distribution Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,119 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,960 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,571 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,119 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,531 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,650 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,246 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Henry County Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,010 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,023 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,023 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Center I at </font><br> <font size=1>Tradeport</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>307 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>139 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,027 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>446 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,027 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,473 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>525 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>163</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Center II at </font><br> <font size=1>Tradeport</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>641 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>162 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,312 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>803 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,312 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,115 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,250 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Center III at </font><br> <font size=1>Tradeport</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>409 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>130 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,161 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>539 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,161 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,700 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>385 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>National Archives and </font><br> <font size=1>Records Administration</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,484 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,762 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,484 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,762 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,246 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,066 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2004</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Newpoint Place I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>819 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>356 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,214 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,175 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,214 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,389 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,034 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Newpoint Place II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,499 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>394 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,660 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,893 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,660 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,553 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,121 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Newpoint Place III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>668 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>253 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,149 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>921 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,149 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,070 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>681 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Newpoint Place IV</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>989 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>406 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,540 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,395 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,540 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,935 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,239 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Newpoint Place V</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,150 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>816 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,907 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,966 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,907 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,873 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>549 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Norcross I &amp; II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>323 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,000 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>664 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>323 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,664 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,987 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>722 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1970</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Nortel</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,342 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>32,111 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>354 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,342 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>32,465 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>35,807 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,719 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>River Point Land  </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,250 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(4,567</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,683 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,683 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>South Park Residential Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Residential</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>50 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>57 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>57 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>South Park Site Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,204 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>754 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,958 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,958 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Southside Distribution Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>804 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,553 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,679 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>804 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,232 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,036 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,750 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tradeport I </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>557 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>261 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,585 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>818 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,585 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,403 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>754 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tradeport II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>557 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>261 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,641 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>818 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,641 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,459 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,245 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tradeport III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>673 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>370 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,371 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,043 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,371 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,414 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>481 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tradeport IV</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>667 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>365 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,831 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,032 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,831 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,863 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>492 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tradeport Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,243 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(387</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,856 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,856 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tradeport V</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>463 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>180 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,415 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>643 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,415 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,058 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>594 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Two Point Royal</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Atlanta</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,793 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,964 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,829 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,793 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,793 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>18,586 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,261 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Baltimore, MD</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Sportsman Club Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Baltimore</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>24,931 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(23,147</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,784 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,784 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Greenville, SC</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Brookfield Plaza</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,500 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,514 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,168 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,500 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,682 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,182 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,926 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Jacobs Engineering</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,050 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,280 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(23</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,466 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,027 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,746 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>24,773 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,423 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>MetLife @ Brookfield</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,039 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>352 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,535 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,391 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,535 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,926 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,227 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Patewood I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>942 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,117 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,336 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>942 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,453 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,395 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,177 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Patewood II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>942 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,176 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,341 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>942 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,517 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,459 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,092 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Patewood III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>841 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,776 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,982 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>842 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,758 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,600 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,316 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Patewood IV</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,219 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,918 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,069 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,219 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,987 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,206 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,964 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Patewood V</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,690 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,589 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,429 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,690 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,018 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,708 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,638 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Patewood VI</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Greenville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,360 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>321 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,808 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,681 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,808 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,489 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,085 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>164</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Kansas City, MO</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Country Club Plaza </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Mixed-Use</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(3)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,286 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>146,879 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(198</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>115,455 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,088 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>262,334 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>276,422 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>68,019 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1920-2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Corinth Shops South</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,043 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,447 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>623 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,043 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,070 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,113 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,324 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1953</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Corinth Square North Shops</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,756 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,490 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,155 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,756 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,645 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,401 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,462 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1962</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Fairway Shops</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>689 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,215 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>838 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>689 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,053 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,742 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>933 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1940</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Land - Hotel Land - Valencia</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>978 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>111 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,089 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,089 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Neptune Apartments</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Residential</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>3,558</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,098 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,282 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>816 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,098 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,098 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,196 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,820 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>One Ward Parkway</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>682 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,937 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,232 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>681 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,169 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,850 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,297 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1980</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Park Plaza</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(3)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,384 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,410 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,668 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,384 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,078 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,462 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,480 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Prairie Village Rest &amp; Bank</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,372 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,372 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,372 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>413 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1948</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Prairie Village Shops</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,366 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,686 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,856 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,367 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,542 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>22,909 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,361 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1948</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Somerset</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>31 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>125 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>31 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>125 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>156 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>33 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Two Brush Creek</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>984 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,402 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,057 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>984 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,459 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,443 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,295 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Valencia Place Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Kansas City</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(3)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,576 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>970 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>33,949 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,546 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>33,949 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>36,495 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,460 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Memphis, TN</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>3400 Players Club Parkway</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,005 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>207 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,982 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,212 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,982 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,194 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,424 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>6000 Poplar Ave</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,340 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,385 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(849</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,471 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,491 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,856 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,347 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,115 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>6060 Poplar Ave</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,980 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,677 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(404</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,985 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,576 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,662 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,238 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,333 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Atrium I &amp; II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,570 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,253 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,034 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,570 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,287 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,857 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,686 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Centrum</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,013 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,580 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,722 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,013 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,302 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,315 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,160 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1979</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Comcast Corporation</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>946 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,614 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>946 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,614 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,560 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>141 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>International Place II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,884 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>27,782 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,733 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,884 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>31,515 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>36,399 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,016 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Penn Marc</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>8,299</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,607 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,200 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>165 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,607 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,365 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,972 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>314 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Shadow Creek I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>924 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>466 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,897 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,390 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,897 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,287 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,418 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2000</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Shadow Creek II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>734 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>467 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,535 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,201 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,535 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,736 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,580 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Southwind Office Center A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,004 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,694 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,378 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,003 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,072 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,075 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,271 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Southwind Office Center B</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,366 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,754 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,256 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,366 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,010 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,376 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,847 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Southwind Office Center C</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,070 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>221 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,808 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,291 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,808 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,099 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,186 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Southwind Office Center D</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>744 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>193 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,801 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>937 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,801 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,738 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,145 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>The Colonnade</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,300 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,481 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>267 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>153 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,567 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,634 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,201 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,817 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>ThyssenKrupp</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Memphis</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,040 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>25 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,312 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,065 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,312 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,377 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>732 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Nashville, TN</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>3322 West End</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,025 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>27,490 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,618 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,025 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>31,108 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>34,133 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,303 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>3401 West End</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,864 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>22,917 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,379 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,862 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>28,296 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>34,158 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,261 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1982</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>5310 Maryland Way</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,863 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,201 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(41</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,863 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,160 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,023 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,275 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1994</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>BNA Corporate Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>18,506 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,844 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>26,350 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>26,350 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,621 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>165</font>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Century City Plaza I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>903 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,919 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(2,396</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>903 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,523 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,426 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,549 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs 1 &amp; 2 Deck</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,938 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,938 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,938 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>115 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs 3 &amp; 4 Deck</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,396 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,396 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,396 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>193 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,583 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,577 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,598 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,577 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,175 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,278 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,824 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>346 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,459 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,170 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,459 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,629 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,040 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,631 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>804 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>18,247 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,435 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>18,247 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,682 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,786 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2006</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs IV</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,715 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,425 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,715 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,425 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>18,140 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>23 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cool Springs V</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,688 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>295 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>52,213 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,983 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>52,213 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>56,196 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,491 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Harpeth on the Green II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,419 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,677 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,310 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,419 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,987 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,406 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,299 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Harpeth on the Green III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,660 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,649 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,098 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,660 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,747 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,407 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,650 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Harpeth on the Green IV</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,713 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,842 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,317 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,713 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,159 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,872 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,495 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Harpeth on The Green V</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>662 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>197 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,259 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>859 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,259 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,118 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,194 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Hickory Trace</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,164 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>164 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,016 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,328 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,016 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,344 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,181 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Plaza I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,552 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>307 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,142 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,859 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,142 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,001 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,311 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Plaza II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,448 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>307 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,347 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,755 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,347 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,102 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,101 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Lakeview Ridge II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>605 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>187 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,235 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>792 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,235 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,027 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,171 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Lakeview Ridge III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,073 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>400 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,518 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,473 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,518 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,991 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,533 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Seven Springs - Land I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,122 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,399 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,521 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,521 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Seven Springs - Land II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,715 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,025</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,690 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,690 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Seven Springs I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,076 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>592 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,388 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,668 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,388 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,056 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,316 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>SouthPointe</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,655 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>310 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,491 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,965 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,491 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,456 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,748 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Southwind Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,662 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(592</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,070 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,070 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Sparrow Building</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,262 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,047 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>968 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,262 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,015 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,277 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,107 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1982</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>The Ramparts at Brentwood</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,394 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,806 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,942 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,394 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,748 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,142 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,098 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Westwood South</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,106 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>382 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,628 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,488 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,628 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,116 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,286 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Winners Circle</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Nashville</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,497 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,258 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>996 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,497 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,254 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,751 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,378 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Orlando, FL</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Berkshire at Metro Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,265 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>672 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,556 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,937 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,556 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,493 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>603 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Capital Plaza III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Mixed-Use</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,994 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>18 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,012 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,012 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Eola Park Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,027 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,027 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,027 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>In Charge Institute</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>501 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>95 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,703 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>596 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,703 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,299 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,144 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2000</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>MetroWest 1 Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,100 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>51 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,151 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,151 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Metrowest Center </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,354 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,687 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>269 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,018 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,623 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,705 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,328 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,243 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>MetroWest Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,034 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(148</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,886 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,886 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Windsor at Metro Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Orlando</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,060 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,081 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,060 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,081 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,141 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,146 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>166</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Piedmont Triad, NC</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>101 Stratford</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,205 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,916 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,159 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,205 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,075 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,280 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,443 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>150 Stratford</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,788 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,511 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>891 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,788 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,402 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,190 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,380 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>160 Stratford - Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>966 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>120 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>967 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>120 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,087 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>6348 Burnt Poplar</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>724 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,900 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>557 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>724 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,457 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,181 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,279 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>6350 Burnt Poplar</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>340 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,374 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>34 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>341 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,408 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,749 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>489 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1992</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7341 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>113 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>841 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>277 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>113 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,118 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,231 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>394 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7343 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>72 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>555 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>102 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>72 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>657 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>729 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>196 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7345 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>66 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>492 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>108 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>66 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>600 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>666 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>210 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7347 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>97 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>719 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>163 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>97 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>882 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>979 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>287 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7349 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>53 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>393 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>71 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>53 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>464 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>517 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>139 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7351 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>106 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>788 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>88 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>106 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>876 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>982 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>301 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7353 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>123 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>912 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>38 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>123 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>950 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,073 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>318 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7355 West Friendly Avenue</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>72 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>538 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>117 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>72 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>655 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>727 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>201 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building 1</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>378 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,516 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>572 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>379 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,088 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,467 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>688 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building 2</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>463 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,849 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>145 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>462 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,994 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,456 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>672 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building 3</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>322 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,293 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>132 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>322 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,425 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,747 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>505 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>509 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,921 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,212 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>510 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,133 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,643 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,405 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building B</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>739 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,237 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>935 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>739 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,172 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,911 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,499 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building C</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont</font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,393 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,576 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,183 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,393 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,759 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,152 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,044 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Building D </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>850 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>699 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,847 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,549 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,847 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,396 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,079 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Copier Consultants</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>224 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,068 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>294 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>224 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,362 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,586 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>433 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-HewlettPackard</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>465 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>380 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>979 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>845 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>979 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,824 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>343 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Highland</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>146 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,081 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>145 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,094 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,239 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>370 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Inacom Building</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>265 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>270 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>798 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>535 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>798 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,333 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>232 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>167</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Service Center 1</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>237 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,103 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>75 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>237 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,178 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,415 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>414 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Service Center 2</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>193 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>946 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>136 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>192 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,082 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,274 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>364 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Service Center 3</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>305 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,219 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>150 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>305 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,369 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,674 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>476 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Service Center 4</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>225 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>928 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>101 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>225 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,029 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,254 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>386 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Service Court</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>171 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>777 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>78 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>171 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>855 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,026 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>303 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Simplex</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>271 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>239 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>887 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>510 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>887 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,397 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>257 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Warehouse 1</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>355 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,613 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>323 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>356 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,936 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,292 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>719 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Warehouse 2</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>373 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,523 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>232 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>374 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,755 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,129 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>635 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Warehouse 3</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>341 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,486 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>443 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>341 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,929 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,270 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>758 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark East-Warehouse 4</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>660 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,676 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>443 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>659 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,119 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,778 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,099 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark North - DC1</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>860 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,919 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>449 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>860 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,368 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,228 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,255 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark North - DC2</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,302 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,392 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>941 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,302 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,333 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,635 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,975 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark North - DC3</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>449 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,517 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>200 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>450 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,717 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,167 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>623 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark North - DC4</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>451 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,514 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>145 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>452 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,659 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,111 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>612 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark South Warehouse 1</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>546 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,538 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>546 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,538 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,084 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>729 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark South Warehouse 2</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>749 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,509 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>749 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,509 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,258 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>597 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark South Warehouse 3</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>603 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,273 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>603 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,273 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,876 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>500 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark South Warehouse 4</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>499 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,893 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>499 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,893 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,392 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>406 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark South Warehouse 6</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,733 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,275 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,733 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,275 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,008 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,056 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark West 1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>944 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,831 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>512 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>944 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,343 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,287 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,533 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark West 2  </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>887 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,550 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>487 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>887 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,037 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,924 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,422 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark West 4</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>227 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>907 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>372 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>227 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,279 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,506 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>433 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark West 5</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>243 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>971 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>208 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>243 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,179 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,422 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>414 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Airpark West 6</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>327 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,309 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>177 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>327 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,486 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,813 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>511 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Brigham Road - Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,059 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(3,720</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,339 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,339 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>168</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chimney Rock A/B</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,613 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,045 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>224 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,613 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,269 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,882 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,105 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1981</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chimney Rock C</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>236 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>592 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>67 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>236 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>659 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>895 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>206 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chimney Rock D</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>605 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,514 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>39 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>605 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,553 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,158 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>375 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chimney Rock E</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,696 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,265 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>241 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,695 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,506 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,201 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,194 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chimney Rock F</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,434 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,608 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,433 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,609 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,042 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>952 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Chimney Rock G</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,045 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,622 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>37 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,046 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,659 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,705 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>701 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Consolidated Center/ </font><br> <font size=1>Building I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>625 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,183 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(206</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>465 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>419 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,648 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,067 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>836 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Consolidated Center/ </font><br> <font size=1>Building II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>625 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,435 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(120</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(184</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>505 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,251 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,756 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,446 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Consolidated Center/ </font><br> <font size=1>Building III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>680 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,572 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(84</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(202</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>596 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,370 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,966 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,047 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Consolidated Center/ </font><br> <font size=1>Building IV</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>376 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,655 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(7</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>252 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>369 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,907 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,276 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>547 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Deep River Corporate Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,041 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,892 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>847 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,041 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,739 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,780 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,005 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Enterprise Warehouse I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>453 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>360 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,790 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>813 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,790 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,603 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>516 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Enterprise Warehouse II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,733 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>881 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,032 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,614 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,032 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,646 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>829 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2006</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Enterprise Warehouse III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>814 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,579 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>814 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,579 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,393 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>94 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Forsyth Corporate Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>328 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,867 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,033 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>329 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,900 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,229 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>981 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>hhgregg</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,823 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,701 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,823 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,701 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,524 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>62 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Park Building I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,476 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,495 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,476 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,495 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,971 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,884 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Square CVS</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,416 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>537 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,953 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,953 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Square Shops</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,031 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>30 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,456 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,061 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,456 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,517 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>178 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2005</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Jefferson Pilot Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,759 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(4,311</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,448 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,448 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5620</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>942 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,220 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(625</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,340</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>317 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>880 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,197 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>605 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5630</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,488 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,507 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(898</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(2,105</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>590 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,402 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,992 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>925 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5635</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>894 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,106 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(574</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,258</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>320 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>848 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,168 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>611 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5640</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,831 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,531 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,082</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(3,848</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>749 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,683 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,432 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,737 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5650</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,082 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,551 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(719</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,573</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>363 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>978 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,341 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>721 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>169</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5655</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont</font><br> <font size=1> Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,947 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,123 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,184</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(4,218</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>763 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,905 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,668 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,011 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Park - Building 5660</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,912 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,506 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,151)</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(2,549</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>761 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,957 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,718 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,246 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Madison Parking Deck</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,755 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,822 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,754</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(2,248</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,001 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,574 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,575 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,449 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Regency One-Piedmont </font><br> <font size=1>Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>515 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>383 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,671 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>898 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,671 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,569 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>723 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Regency Two-Piedmont </font><br> <font size=1>Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Industrial</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>435 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>288 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,738 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>723 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,738 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,461 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>510 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>7023 Albert Pick</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>834 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,459 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>340 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>834 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,799 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,633 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,247 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>The Knollwood -380 Retail </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Retail</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>209 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>210 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>210 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>103 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1995</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>The Knollwood-370</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,826 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,495 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>935 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,826 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,430 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,256 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,118 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1994</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>The Knollwood-380</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,989 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,028 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,909 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,989 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,937 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,926 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,132 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>US Airways </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,451 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,375 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>823 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,450 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,198 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,648 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,281 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1970-1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Westpoint Business Park-</font><br> <font size=1>Luwabahnson</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Piedmont </font><br> <font size=1>Triad</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>347 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,389 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>129 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>347 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,518 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,865 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>510 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Raleigh, NC</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>3600 Glenwood Avenue</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,994 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>191 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,185 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,185 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,247 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>3737 Glenwood Avenue</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>318 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,570 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>318 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,570 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,888 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,257 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4101 Research Commons</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,348 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,346 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>220 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,495</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,568 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,851 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,419 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,796 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4201 Research Commons</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,204 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,858 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,969</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,204 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,889 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,093 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,175 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4301 Research Commons</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>900 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,237 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>950 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>900 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,187 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,087 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,033 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4401 Research Commons</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,249 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,387 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,391 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,249 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,778 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,027 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,487 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4501 Research Commons</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>785 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,856 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,785 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>785 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,641 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,426 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,235 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4800 North Park</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,678 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,630 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,422 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,678 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>26,052 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>28,730 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,892 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4900 North Park</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>657</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>770 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,983 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>571 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>770 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,554 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,324 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,006 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>5000 North Park</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,010 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,612 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(49</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,117 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>961 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,729 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,690 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,654 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1980</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>801 Corporate Center</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>828 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>272 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,450 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,100 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,450 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,550 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,288 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Blue Ridge I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>722 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,606 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,305 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>722 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,911 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,633 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,279 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1982</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Blue Ridge II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>462 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,410 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>431 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>462 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,841 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,303 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>985 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cape Fear</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>131 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,630 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>733 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>131 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,363 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,494 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,875 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1979</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Catawba</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>125 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,635 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,504 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>125 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,139 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,264 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,976 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1980</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>CentreGreen One - Weston</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,529 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(378</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,654 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,151 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,654 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,805 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,402 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2000</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>CentreGreen Two - Weston</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,653 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(389</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,939 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,264 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,939 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,203 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,666 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>CentreGreen Three Land - </font><br> <font size=1>Weston</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,876 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(384)</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,492 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,492 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>CentreGreen Four</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,779 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(397</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,650 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,382 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,650 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,032 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,355 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>170</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>CentreGreen Five</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,280 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>69 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,775 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,349 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,775 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,124 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>181 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Cottonwood</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>609 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,244 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,237 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>609 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,481 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,090 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,619 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Dogwood</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>766 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,769 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>524 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>766 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,293 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,059 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,221 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font SIZE=1>EPA</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,601 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(4</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,661 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,597 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,661 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,258 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>466 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2003</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>GlenLake Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,003 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(4,900</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,103 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,103 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>GlenLake One</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>924 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,324 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,738 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,248 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,738 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>23,986 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,516 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>GlenLake Four</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,659 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>493 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>22,170 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,152 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>22,170 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>24,322 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,967 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2006</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:1.0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>GlenLake Six </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>941 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,958 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>957 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,958 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,915 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>243 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Healthsource</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,304 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>540 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,651 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,844 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,651 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,495 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,235 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Centre-Weston</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>531 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(267</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,990 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>264 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,990 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,254 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,889 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Office Center </font><br> <font size=1>North Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>355 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>49 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>357 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>49 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>406 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>26 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Tower One</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>203 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,744 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,747 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>203 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,491 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,694 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,295 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Tower Two</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>365 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>503 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,622 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>868 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20,622 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,490 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,312 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Holiday Inn Reservations </font><br> <font size=1>Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>867 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,727 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,150 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>867 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,877 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,744 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,387 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Inveresk Land Parcel 2</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>657 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>197 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>854 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>854 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Inveresk Land Parcel 3</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>548 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>306 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>854 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>854 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Maplewood</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>149 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>107 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,047 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>256 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,047 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,303 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>658 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Overlook</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>398 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>293 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,694 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>691 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,694 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,385 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,869 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Pamlico</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>289 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,282 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>289 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,282 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,571 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,772 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1980</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>ParkWest One - Weston</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>242 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,400 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>242 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,400 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,642 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>632 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>ParkWest Two - Weston</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>356 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,335 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>356 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,335 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,691 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,108 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>ParkWest Three - Land - </font><br> <font size=1>Weston</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>306 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>306 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>306 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Progress Center Renovation</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>362 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>362 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>362 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>104 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2003</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh Corp Center Lot D</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,211 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,219 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,219 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>RBC Plaza  </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Mixed-Use</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>4,264</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,206 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>65,601 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,206 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>65,601 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>66,807 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>560 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2008</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Rexwoods Center I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>878 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,730 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>928 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>878 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,658 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,536 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,162 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Rexwoods Center II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>362 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,818 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>605 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>362 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,423 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,785 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>920 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1993</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Rexwoods Center III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>919 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,816 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,051 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>919 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,867 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,786 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,896 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1992</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Rexwoods Center IV</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>586 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,468 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>586 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,468 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,054 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,077 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1995</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Rexwoods Center V</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,301 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>184 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,928 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,485 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,928 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,413 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,357 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Riverbirch</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>469 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,038 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>785 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>469 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,823 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,292 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,385 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Situs I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>692 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,646 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>178 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,138</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>870 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,508 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,378                      </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,029                               </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Situs II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>718</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,254</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>181</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,352</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>899</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,902</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,801</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,324</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Situs III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>440</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,078</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>119</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(1,008</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>559</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,070</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,629</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>582</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2000</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Six Forks Center I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>666</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,665</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,291</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>666</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,956</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,622</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,436</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1982</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Six Forks Center II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,086</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,533</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,409</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,086</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,942</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,028</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,101</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Six Forks Center III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>862</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,411</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,985</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>862</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,396</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,258</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,146</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Smoketree Tower</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,353</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,743</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,692</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,353</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,435</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,788</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,426</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>171</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Sycamore</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>255</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>217</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,784</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>472</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,784</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,256</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,430</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Weston Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Mixed-Use</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>22,771</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(7,169</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,602</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,602</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Willow Oak</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>458</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>268</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,535</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>726</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,535</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,261</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,061</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1995</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Other Property</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Other</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Raleigh</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>49</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,498</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>717</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,675</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>766</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,173</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,939</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,173</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Richmond, VA</font></b></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>4900 Cox Road</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,324</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,311</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,363</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,324</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,674</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,040</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Colonnade Building</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,364 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,105</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>654</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,364</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,759</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,123</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,173</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2003</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Dominion Place - Pitts Parcel</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,101</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(217</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-   </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>884 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>884</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Essex Plaza</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>11,229</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,581</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,299</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(472</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,581</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,827 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,408</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,776</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Grove Park I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>713</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>319</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,056</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,032</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,056</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,088</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,350</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Hamilton Beach</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,086</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,345</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,963</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,086</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,308</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,394</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,853</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Commons</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>521</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>446</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,297</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>967</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,297</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,264</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>922</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods One</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(2)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,688</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>9,998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,688</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,686</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,110</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Two</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>786</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>213</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,864</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,864</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,863</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,564</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Five</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>783</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,230</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>783</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,230</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,013</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,236</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Plaza</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>909</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>176</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,651</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,085</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,651</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,736</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,637</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2000</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Innsbrooke Centre</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>5,318</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,300</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,958 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(414</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,300</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,544</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,844</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>770</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Innslake Center</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>845</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>195</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,634</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,040</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,634</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,674</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,149</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Liberty Mutual</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,205</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,825</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>703</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,205</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,528</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,733</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,715</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Markel American</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>8,853</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,300</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,259</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(458</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(4,918</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>842</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,341</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,183</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,073</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1998</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Markel Plaza</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>11,229</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,700</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,081</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(5,480</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,700</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,601</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,301</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,434</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>North Park</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,163</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,659</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(14</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,904</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,149</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,563</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,712</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,269</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1989</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>North Shore Commons  A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>951</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>11,381</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>951</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,381</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,332</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,614</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>North Shore Commons  B - </font><br> <font size=1>Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,067</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(103</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>11,003</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,964</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,003</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,967</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>471</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>North Shore Commons  C - </font><br> <font size=1>Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,497</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,497</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,497</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>North Shore Commons  D - </font><br> <font size=1>Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,261</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,261</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,261</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Nucklos Corner Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,258</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,258</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,258</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>One Shockoe Plaza</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>356</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>15,062</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>356</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,062</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,418</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,068</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Pavilion Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>181</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>46</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>20</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(46</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>201</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>201</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Rhodia Building</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,600</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,864</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,600</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,867</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,467</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,188</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Sadler &amp; Cox Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,535</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,535</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,535</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Saxon Capital Building</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,918</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>337</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>13,505</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,255</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,505 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,760 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,900 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2005</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Stony Point F Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,841 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,841 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,841 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Stony Point I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,384 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,630 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>59 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,273 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,443 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,903 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,346 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,826 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Stony Point II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,240 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>11,225</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,240</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,225 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,465 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,716</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Stony Point III</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>995</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>9,554</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>995</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,554</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>10,549</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,321</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2002</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Stony Point IV </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>955</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>11,595</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>955</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,595</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,550</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,094</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2006</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Technology Park 1</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>541</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,166</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>192</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>541</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,358 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,899</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>811</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>172</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Technology Park 2</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>264</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,058</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>115</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>264</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,173</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,437</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>379</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1991</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Vantage Place A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>203</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>811</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>185</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>203</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>996</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,199</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>348</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Vantage Place B</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>233</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>931</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>151</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>233</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,082</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,315</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>377</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Vantage Place C</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>235</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>940</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>122</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>235</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,062</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,297</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>358</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1987</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Vantage Place D</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>218</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>873</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>143</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>218</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,016</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,234</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>341</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Vantage Pointe</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(4)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,089</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,500</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>872</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,089</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,372</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,461</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,740</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Virginia Mutual</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,301</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,036</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>611</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,301</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,647</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,948</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,661</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1996</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Waterfront Plaza</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>585</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,347</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>884</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>585</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,231</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,816</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,011</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>West Shore I</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>332</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,431</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>218</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>332</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,649</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,981</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>523</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1995</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>West Shore II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>489</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,181</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>414</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>489</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,595</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,084</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>770</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1995</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>West Shore III</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Richmond</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>(1)</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>961</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>141</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,957</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,102</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,957</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,059</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,087</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1997</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>South Florida</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>The 1800 Eller Drive </font><br> <font size=1>Building</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>South Florida</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,851</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,837</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,688 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,688 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,588</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1983</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><font size=1>Tampa, FL</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>380 Park Place</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,502</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>240</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,549</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,742</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,549</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,291</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,355</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Anchor Glass</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,281</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,318</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,409</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,281</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,727 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,008 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,557</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Avion Park Land</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,237</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,477</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,237</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,477</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,714</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Bayshore</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,276</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>11,817</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,322</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,276</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,139</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,415</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,681</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1990</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>FBI Field Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,054</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>406</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>27,106</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,460</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>27,106 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>31,566 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,777</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2005</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Feathersound Corporate </font><br> <font size=1>Center II</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>1,848</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>802</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,463</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,428</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>802</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,891</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,693</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,652</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Harborview Plaza</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>22,331</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,537</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>29,944 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>969</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>(322</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,506</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>29,622 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>34,128 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,786</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Bay Center I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,565</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(64</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>)</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>36,940 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,501</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>36,940 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>40,441 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,344</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Bay Center II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,482</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,482</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,482</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Preserve I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>26,078</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>991</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>26,078 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>27,069 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,351</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Preserve V</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>881</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>27,318</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>881</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>27,318 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>28,199 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,071</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2001</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Preserve VII</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>790</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>12,409</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>790</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,409</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>13,199</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>522</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Preserve VII </font><br> <font size=1>Garage</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>6,789</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,789</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,789</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>325</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2007</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Highwoods Preserve Land</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,485</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>200</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,685</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,685</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font SIZE=1>N/A</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Horizon</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,257</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>2,786</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,043</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,043</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,890</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1980</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>LakePointe I</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,106</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>89</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>34,929</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,106</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>35,018 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>37,124 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,714</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1986</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>LakePointe II</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,000</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>15,848</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>672</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>10,720</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,672</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>26,568 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>29,240 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,508</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Lakeside</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,369</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,549</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,918</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>8,918</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,477</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1978</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Lakeside/Parkside Garage</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,207</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,207</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,207</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>334</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>2004</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>One Harbour Place</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,016</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>25,252</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>4,220</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,016</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>29,472 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>31,488 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,797</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1985</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Parkside</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>9,407</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>3,327</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:1.5pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,734 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>12,734 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,008</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1979</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Pavilion</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,394</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,343</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,737 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,737 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,904</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1982</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Pavilion Parking Garage</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>5,600</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,600</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,600</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,288</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1999</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>173</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
</DIV>

<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS REALTY LIMITED PARTNERSHIP</font></B></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><b><font size=2>SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:center;'><font size=2>(in thousands)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="114" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Description</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Segment </font></b><br> <b><font size=1>Type</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>City</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>2008 </font></b><br> <b><font size=1>Encumbrance</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Initial Costs</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="5" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Costs Capitalized </font></b><br> <b><font size=1>Subsequent to Acquisition</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="8" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Gross Value at Close of Period</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Accumulated </font></b><br> <b><font size=1>Depreciation</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Year of </font></b><br> <b><font size=1>Construction</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap rowspan=2 valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Life on </font></b><br> <b><font size=1>Which </font></b><br> <b><font size=1>Depreciation</font></b><br> <b><font size=1>is Calculated </font></b></p> </td> </tr>
    <tr >
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Building</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp; </font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Land</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Bldg &amp;</font></b><br> <b><font size=1>Improv</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt'><b><font size=1>Total </font></b><br> <b><font size=1>Assets</font></b></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Spectrum</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,454</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>14,502</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,871</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,454</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>16,373 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>17,827 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>4,868</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1984</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>Tower Place</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,218</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>19,898 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,942 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,218 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>21,840 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>25,058 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>7,210 </font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>1988</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Westshore Square</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Office</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>Tampa</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,126</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,186 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>-</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>268 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,126 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>5,454 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>6,580 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap style='border-bottom:solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom style='border-bottom: solid black 1.0pt; background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,548 </font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>1976</font></p> </td>
        <td width="7" valign=bottom style='background:#C6D9F1'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom style='background:#C6D9F1; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>5-40 yrs.</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>493,443</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>1,391,356</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>(40,428</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>)</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>1,428,533</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="44" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>453,015</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>2,819,889</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom style='border-bottom:double black 2.25pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="40" nowrap valign=bottom style=' border-bottom:double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>3,272,904</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>$</font></p> </td>
        <td width="55" nowrap valign=bottom style='border-bottom: double black 2.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>714,224</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0.5pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="114" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="43" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="44" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="40" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="5" nowrap valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="55" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="57" nowrap >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:6pt; margin-left:0.25in; text-indent:-0.25in;text-align:left;'><u><b><font size=2>2008 Encumbrance Notes</font></b></u></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>These assets are pledged as collateral for a $133,241,000 first mortgage loan.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>These assets are pledged as collateral for a $108,701,000 first mortgage loan.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(3)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>These assets are pledged as collateral for a $190,000,000 first mortgage loan.</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(4)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>These assets are pledged as collateral for a $129,052,000 first mortgage loan.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><A NAME="PAGENUM"><font size=2>174</font>
</A></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always"><HR noshade align="center" width="100%" size="2">
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on February&nbsp;27,&nbsp;2009. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><small>HIGHWOODS</small> <small>PROPERTIES,</small> <small>INC.</small>  </p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'>  </p> </td>

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size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>By:&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>EDWARD</small> <small>J.</small> <small>FRITSCH</small></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Edward J. Fritsch</font></b></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><i><font size=1>President and Chief Executive Officer</font></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacity and on the dates indicated. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Signature</font></b></p> </td>

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style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Title</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ O. Temple Sloan, Jr.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Chairman of the Board of Directors</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>O. Temple Sloan, Jr.</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Edward J. Fritsch</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>President, Chief Executive Officer, and Director</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Edward J. Fritsch</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Gene H. Anderson</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Senior Vice President and Director</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Gene H. Anderson</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Director</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Thomas W. Adler</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ David J. Hartzell</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Director</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>David J. Hartzell</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Lawrence S. Kaplan</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Director</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Lawrence S. Kaplan</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Sherry A. Kellett</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Director</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="28%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Sherry A. Kellett</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ L. Glenn Orr, Jr.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Director</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>L. Glenn Orr, Jr.</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Terry L. Stevens</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Senior Vice President and Chief Financial Officer</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Terry L. Stevens</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Daniel L. Clemmens</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Vice President and Chief Accounting Officer</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Daniel L. Clemmens</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on February&nbsp;27,&nbsp;2009. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><small>HIGHWOODS</small> <small>REALTY</small> <small>LIMITED</small> <small>PARTNERSHIP</small>  </p> </td> </tr>
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style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>By:</font></p> </td>

        <td width="44%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc., its sole general partner</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="46%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'>  </p> </td>

        <td width="3%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="5%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>By:&nbsp;</font></p> </td>

        <td width="44%" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>EDWARD</small> <small>J.</small> <small>FRITSCH</small></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="46%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="5%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="44%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Edward J. Fritsch</font></b></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="46%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="5%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><i><font size=1>President and Chief Executive Officer</font></i></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacity and on the dates indicated. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=center>

<table border="0" cellspacing=0 cellpadding=0 width="101%" style='border-collapse:collapse'>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Signature</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p
style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Title</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Date</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ O. Temple Sloan, Jr.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Chairman of the Board of Directors of </font><br> <font size=2>the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>O. Temple Sloan, Jr.</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Edward J. Fritsch</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>President, Chief Executive Officer, and Director</font><br> <font size=2>of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Edward J. Fritsch</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Gene H. Anderson</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Senior Vice President and Director of the General Partner</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Gene H. Anderson</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Director of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Thomas W. Adler</font></b></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ David J. Hartzell</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Director of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>David J. Hartzell</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Lawrence S. Kaplan</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Director of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Lawrence S. Kaplan</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Sherry A. Kellett</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Director of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Sherry A. Kellett</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ L. Glenn Orr, Jr.</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Director of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>L. Glenn Orr, Jr.</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Terry L. Stevens</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Senior Vice President and Chief Financial Officer</font><br> <font size=2>of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Terry L. Stevens</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=2>/s/ Daniel L. Clemmens</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:1.0pt;margin-bottom: 0in'><font size=2>Vice President and Chief Accounting Officer</font><br> <font size=2>of the General Partner</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="26%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt;height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0in;margin-bottom:0pt'><b><font size=1>Daniel L. Clemmens</font></b></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="46%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:15.8pt;text-indent:-15.8pt;text-align:left;margin-top:0in;margin-bottom:0in'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="17%" nowrap valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="2%" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:13.2pt'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>3
<FILENAME>exh21_subsidiaries.htm
<DESCRIPTION>SUBSIDIARIES OF HPI/HRLP
<TEXT>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 21</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Subsidiaries of Highwoods Properties, Inc.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>
Highwoods Realty Limited Partnership, a North Carolina limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>AP Southeast Portfolio Partners, L.P., a Delaware limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods/Florida Holdings, L.P., a Delaware limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods/Tennessee Holdings, L.P., a Tennessee limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods Services, Inc., a North Carolina corporation </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="2%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>*</font></p> </td>

        <td width="764" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>We have omitted the names of other direct and indirect subsidiaries of Highwoods Properties, Inc. because such other subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary. </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Subsidiaries of Highwoods Realty Limited Partnership </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>AP Southeast Portfolio Partners, L.P., a Delaware limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods/Florida Holdings, L.P., a Delaware limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods/Tennessee Holdings, L.P., a Tennessee limited partnership </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Highwoods Services, Inc., a North Carolina corporation </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >

        <td width="2%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>*</font></p> </td>

        <td width="764" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>We have omitted the names of other direct and indirect subsidiaries of Highwoods Realty Limited Partnership because such other subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary. </font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>4
<FILENAME>exh23_1hpiconsent.htm
<DESCRIPTION>EX 23.1 HPI CONSENT
<TEXT>
<HTML>
<HEAD>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 23.1</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:center;'><B><font SIZE=2>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></B></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'><font size=2>We consent to the incorporation by reference in Registration Statements No. 333-38878, 333-12117, 333-29759 and 333-55901 on Form S-8, and Registration Statements No. 333-149733 and 333-149736 on Form S-3, of our report dated February 27, 2009, relating to the consolidated financial statements and financial statement schedules of Highwoods Properties, Inc. (the &#147;Company&#148;), and the effectiveness of the Company&#146;s internal control over financial reporting, appearing in this Annual Report on Form 10-K of the Company for the year ended December 31, 2008.</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'><font size=2>/s/ Deloitte &amp; Touche LLP</font></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:5pt; margin-top:0pt;text-align:left;'><font size=2>February 27, 2009</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>5
<FILENAME>exh23_2hrlpconsent.htm
<DESCRIPTION>EX 23.2 HRLP CONSENT
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>




<div TITLE="EE+ Page Header">
<p style=' margin-bottom:10pt; margin-top:0pt;text-align:left;line-height:115%;'><font SIZE=2></font></p>

<p style=' margin-bottom:10pt; margin-top:0pt;text-align:right;line-height:115%;'><font size=2>Exhibit 23.2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:10pt; margin-top:0pt;text-align:left;line-height:115%;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:center;'><B><font SIZE=2>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></B></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'><font size=2>We consent to the incorporation by reference in Registration Statement No. 333-149733-01 on Form S-3 of our report dated February 27, 2009, relating to the financial statements and financial statement schedules of Highwoods Realty Limited Partnership (the &#147;Operating Partnership&#148;) appearing in this Annual Report on Form 10-K of the Operating Partnership for the year ended December 31, 2008.</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'><font size=2>/s/ Deloitte &amp; Touche LLP</font></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>Raleigh, North Carolina</font></p>

<p style=' margin-bottom:5pt; margin-top:0pt;text-align:left;'><font size=2>February 27, 2009</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>exh10_4optionplan.htm
<DESCRIPTION>EX 10.4 AMENDED AND RESTATED STOCK OPTION PLAN
<TEXT>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>AMENDMENT TO</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>AMENDED AND RESTATED 1994 STOCK OPTION PLAN</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>Highwoods Properties, Inc. (the &#147;Company&#148;) adopted the Highwoods Properties, Inc. Amended and Restated 1994 Stock Option Plan (the &#147;Plan&#148;) to encourage and enable the officers, employees and directors of the Company and its subsidiaries, upon whose judgment, initiative and efforts the Company largely depends for the successful conduct of its business, to acquire a proprietary interest in the Company, thereby assuring a closer identification of their interests with those of the Company, and stimulating their efforts on the Company&#146;s behalf and strengthening their desire to remain with the Company.  Section 11 of the Plan provides that the Board may amend the Plan at any time.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>The Board desires to amend the Plan as follows to comply with the requirements of Section 409A of the Code, effective January 1, 2009.  Terms not defined in this Amendment shall have the same meaning as in the Plan.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>SECTION 1.  Effective for grants occurring on or after January 1, 2009, Section 5(a)(i) of the Plan shall be replaced in its entirety with the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&#147;</font><u><font size=2>Exercise Price</font></u><font size=2>.  The exercise price per share for the Shares covered by a Stock Option granted pursuant to this Section 5(a) shall be determined by the Committee at the time of grant but shall not be less than 100% of Fair Market Value on the date of grant.  If an employee owns or is deemed to own (by reason of the attribution rules applicable under Section 424(d) of the Code) more than 10% of the combined voting power of all classes of stock of the Company or any Subsidiary or parent corporation and an Incentive Stock Option is granted to such employee, the option price of such Incentive Stock Option shall not be less than 110% of Fair Market Value on the grant date.&#148;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>SECTION 2.  Section 8 of the Plan shall be replaced in its entirety with the following:</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&#147;The Committee may from time to time grant Phantom Stock Awards to any participant under the Plan.  Each Phantom Stock Award shall be evidenced by a written instrument, and shall be subject to such terms and conditions as the Committee may determine.  Subject to such terms and conditions as may be established by the Committee in accordance with Section 409A, the participant and/or Committee may select the date or event as of which any Phantom Stock Award or portion thereof may be exercised.  The participant shall be entitled to receive payment, in the form, in the manner and at the time specified in or pursuant to the award agreement, of an amount equal to the Fair Market Value at the date of exercise of the Shares as to which the Phantom Stock is awarded.  Such payments may be made in cash, in Shares valued at Fair Market Value as of the date of exercise, or in any combination
thereof, as the Committee in its discretion shall determine.&#148;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>SECTION 3.  Except as modified herein, all other provisions of the Plan remain in full force and effect.</font></p>

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<TYPE>EX-10
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<FILENAME>exh10_8efcontract.htm
<DESCRIPTION>EX 10.8 AMENDED AND RESTATED EXEC SUPPLEMENTAL EMP AGREEMENT
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.gif"><br> <B><font SIZE=2>AMENDED AND RESTATED</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXECUTIVE SUPPLEMENTAL EMPLOYMENT AGREEMENT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>AMENDED AND RESTATED AGREEMENT by and between HIGHWOODS PROPERTIES, INC., a Maryland corporation (the &#147;Company&#148;), and Edward J. Fritsch (the &#147;Executive&#148;), effective as of April 13, 2007.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>The Board of Directors of the Company (the &#147;Board&#148;), has determined that it is in the best interests of the Company and its stockholders to ensure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined in Section 1) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive&#146;s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and
which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Definitions</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Effective Date&#148; shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive&#146;s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i)&nbsp;was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control or (ii)&nbsp;otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the &#147;Effective Date&#148; shall mean the date immediately prior to the date of such termination of employment.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Change of Control Period&#148; shall mean the period commencing on the date hereof and ending on the third anniversary of such date; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the &#147;Renewal Date&#148;), the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 1 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For purposes of this Agreement, a &#147;Change of Control&#148; shall mean:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) (a &#147;Person&#148;) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (a) the then outstanding shares of common stock of the Company (the &#147;Outstanding Company Common Stock&#148;) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the &#147;Outstanding Company Voting Securities&#148;); provided, however, that the following acquisitions shall not constitute a Change of Control: (I) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a
conversion privilege), (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (IV) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (I), (II) and (III) of subsection (i) of this Section 1(c) are satisfied; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individuals who, as of the date hereof, constitute the Board (the &#147;Incumbent Board&#148;) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company&#146;s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (a) more than 60% of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions, as their ownership, immediately prior to
such reorganization, merger or consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (b) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such reorgani</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 2 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>zation, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (c) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of (a) a complete liquidation or dissolution of the Company or (b) the sale or other disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following such sale or other disposition, (I) more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same
proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (II) no Person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (III) at least a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such sale or other disposition of assets of the Company.</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Separation from Service, &#147;Termination of Employment,&#148; &#147;Terminates Employment&#148;</font></u><font size=2> and similar terms mean the date that Executive separated from service within the meaning of section 409A of the Code.  Generally, Executive will separate from service if the Executive dies, retires, or otherwise has a Separation from Service with the Company, determined in accordance with the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Leaves of Absence</font></u><font size=2>.  The employment relationship is treated as continuing intact while Executive is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or, if longer, so long as Executive retains a right to reemployment with the Company under an applicable statute or by contract.  A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 3 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Company.  If the period of leave exceeds six (6) months and Executive does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six (6)-month period.  Notwithstanding the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes Executive to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a twenty-nine (29)-month period of absence shall be substituted for such six (6)-month period. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Dual Status</font></u><font size=2>.  Generally if Executive performs services both as an employee and an independent contractor, Executive must separate from service both as an employee, and as an independent contractor pursuant to standards set forth in the Treasury Regulations, to be treated as having a Separation from Service.  However, if Executive provides services to the Company as an employee and as a member of the Board, and if any plan in which such person participates as a Board member is not aggregated with this Agreement pursuant to Treasury Regulation Section 1.409A-1(c)(2)(ii), then the services provided as a director are not taken into account in determining whether Executive has a Separation from Service as an employee for purposes of this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Separation from Service</font></u><font size=2>.  Whether a Separation from Service has occurred is determined based on whether the facts and circumstances indicate that the Company and Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services Executive would perform after such date (whether as an employee or as an independent contractor except as provided in the preceding paragraph) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor, except as provided in the preceding paragraph) over the immediately preceding thirty six (36) month period (or the full period of services to the Company if Executive has been providing services to the
Company less than thirty six (36) months).  For periods during which Executive is on a paid bona fide leave of absence and has not otherwise terminated employment as described above, for purposes of this paragraph Executive is treated as providing bona fide services at a level equal to the level of services that Executive would have been required to perform to receive the compensation paid with respect to such leave of absence.  Periods during which Executive is on an unpaid bona fide leave of absence and has not otherwise terminated employment are disregarded for purposes of this paragraph (including for purposes of determining the applicable thirty six (36) month (or shorter) period). </font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><u><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service with Related Companies</font></u><font size=2>.  For purposes of determining whether a Separation from Service has occurred under the above provisions, the &#147;Company&#148; shall include the Company and all Related Companies.  &#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 4 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level..</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section 414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 2.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Employment Period</font></u><font size=2>.  The term of this Agreement shall commence on the Effective Date and end on the third anniversary of such date (the &#147;Employment Period&#148;), subject to the termination provisions in Sections 4 and 5 herein.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 3.</font><u><font size=2>  Terms of Employment</font></u><font size=2>.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(a)</font></i></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Position and Duties</font></i><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, (A) the Executive&#146;s position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 90day period immediately preceding the Effective Date and (B) the Executive&#146;s services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office which is the headquarters of the Company and is less than 35 miles from such location.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive&#146;s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive&#146;s
responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not hereafter be deemed to interfere with the performance of the Executive&#146;s responsibilities to the Company.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(b)</font></i></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Compensation.</font></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Base Salary</font></i><font size=2>.  During the Employment Period, the Executive shall receive an annual base salary (&#147;Annual Base Salary&#148;), which shall be paid in equal </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 5 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>installments on a monthly basis, at least equal to twelve times the highest monthly base salary paid or payable to the Executive by the Company and its affiliated companies in respect of the twelvemonth period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed at least annually and shall be increased at any time and from time to time as shall be substantially consistent with increases in base salary generally awarded in the ordinary course of business to other peer executives of the Company and its affiliated companies. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.
As used in this Agreement, the term &#147;affiliated companies&#148; shall include any company controlled by, controlling or under common control with the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Annual Bonus</font></i><font size=2>.  In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the &#147;Annual Bonus&#148;) in cash at least equal to the average bonus paid or payable, including by reason of any deferral, to the Executive (or, if the Executive has been employed by the Company for less than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) by the Company and its affiliated companies in respect of the three fiscal years immediately preceding the fiscal year in which the Effective Date occurs (the &#147;Recent Average Bonus&#148;).  Without limitation, for purposes of this
Agreement, the terms &#147;Annual Bonus&#148; and &#147;Recent Average Bonus&#148; shall be deemed to include amounts earned (whether or not paid) with respect to any applicable period under any Non-Equity Incentive Plan (as such term is defined in Item 402(a)(6)(iii) of Regulation S-K promulgated under the Exchange Act and the Securities Act of 1933, as amended, including any successor thereto).  Each such Annual Bonus shall be paid within 2 &#189; months following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect, pursuant to a plan of nonqualified deferred compensation adopted by the Company, if any, under which the Annual Bonus may be deferred, to defer the receipt of such Annual Bonus.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Special Bonus</font></i><font size=2>.   In addition to Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company and its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the &#147;Special Bonus&#148;) in recognition of the Executive&#146;s services during the crucial oneyear transition period following the Change of Control in cash equal to the sum of (A) the Executive&#146;s Annual Base Salary and (B) the greater of (1) the Annual Bonus paid or payable, including by reason of any deferral, to the Executive for the most recently completed fiscal year during the Employment Period, if any, and (2)&nbsp;the Recent Average Bonus (or, if the Executive has been employed by the Company for less
than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) (such greater amount </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 6 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>shall be hereinafter referred to as the &#147;Highest Annual Bonus&#148;). The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Incentive, Savings and Retirement Plans</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as
in effect at any time during the 90-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Welfare Benefit Plans</font></i><font size=2>.  During the Employment Period, the Executive and/or the Executive&#146;s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices, policies
and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Expenses</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vii)</font><i><font size=2>  </font></i><font size=2>&nbsp;&nbsp;</font><i><font size=2>Fringe Benefits</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to fringe benefits no less  favorable, in the aggregate, than the plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 7 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(viii)</font><i><font size=2>  </font></i><font size=2>&nbsp;</font><i><font size=2>Office and Support Staff.</font></i><font size=2>  During the Employment Period, the Executive shall be entitled to an office or offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and its affiliated companies at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Vacation</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Termination of Employment</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death or Disability</font></i><font size=2>.  The Executive&#146;s employment shall terminate automatically upon the Executive&#146;s death during the Employment Period.  If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 10(b) of its intention to terminate the Executive&#146;s employment. In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the &#147;Disability Effective Date&#148;), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive&#146;s
duties. For purposes of this Agreement, &#147;Disability&#148; shall mean the Executive is:  (1) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12 )months; or (2) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause</font></i><font size=2>.   The Company may terminate the Executive&#146;s employment during the Employment Period for Cause. For purposes of this Agreement, &#147;Cause&#148; occurs when the Executive does any of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is convicted of a felony involving moral turpitude under federal, state or local law;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)  &nbsp;&nbsp;&nbsp;&nbsp;materially breaches the Executive&#146;s obligations under Section 3(a) (other than as a result of incapacity due to physical or mental illness) that is demonstrably </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 8 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>willful and deliberate on the Executive&#146;s part, that is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and that is not remedied in a reasonable period of time after receipt of written notice from the Company specifying such breach); and/or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.5%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)  &nbsp;&nbsp;&nbsp;is convicted of any applicable local, state or federal law or Company policy related to discrimination or harassment.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason; Window Period</font></i><font size=2>. The Executive&#146;s employment may be terminated (i) during the Employment Period by the Executive for Good Reason or (ii) during the Window Period by the Executive without any reason. For purposes of this Agreement, the &#147;Window Period&#148; shall mean the 90-day period immediately following the first anniversary of the Effective Date. For purposes of this Agreement, &#147;Good Reason&#148; shall mean:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assignment to the Executive of any duties inconsistent in any respect with the Executive&#146;s position (including status, offices, titles and reporting requirement), authority, duties or responsibilities as contemplated by Section 3(a) or any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with any of the provisions of Section 3(b), other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&#146;s requiring the Executive to be based at any office or location other than that described in Section 3(a) (i) (B);</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any purported termination by the Company of the Executive&#146;s employment otherwise than as expressly permitted by this Agreement; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with and satisfy Section 9(c), provided that such successor has received at least ten days&#146; prior written notice from the Company or the Executive of the requirements of Section 9(c).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>For purposes of this Section 4(c), any good faith determination of &#147;Good Reason&#148; made by the Executive shall be conclusive.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Notice of Termination</font></i><font size=2>.  Any termination by the Company for Cause, or by the Executive without any reason during the Window Period or for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 10(b). For purposes of this Agreement, a &#147;Notice of Termination&#148; means a written notice which (i) indicates the specific termination provision in this Agreement </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 9 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>relied upon, (ii) to the extent applicable sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date of such notice. The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the Executive&#146;s or the Company&#146;s rights hereunder.  Executive shall be required to provide notice to the Company of the existence of any condition that constitutes Good Reason within 90 days of the initial
existence of the condition, and upon the receipt of such notice the Company shall have a period of 30 days during which it may remedy the condition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.5%;text-align:justify;'><font size=2> (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Date of Termination</font></i><font size=2>.  &#147;Date of Termination&#148; means the date the Executive experiences a Separation from Service. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Obligations of the Company upon Termination</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason or during the Window Period; Other than for Cause, Death or Disability</font></i><font size=2>.  If, during the Employment Period, the Company shall terminate the Executive&#146;s employment other than for Cause or Disability or the Executive shall terminate employment either for Good Reason or without any reason during the Window Period:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of (1) the Executive&#146;s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Highest Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (3) the Special Bonus, if due to the Executive pursuant to Section 3(b)(iii), to the extent not theretofore paid, and (4) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter referred to as the &#147;Accrued Obligations&#148;); and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount (such amount shall be hereinafter referred to as the &#147;Severance Amount&#148;) equal to the product of (1) 2.99 and (2) the sum of (x) the Executive&#146;s Annual Base Salary and (y) the Highest Annual Bonus; provided, however, that if the Special Bonus has not been paid to the Executive, such amount shall be increased by the amount of the Special Bonus; and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a separate lump-sum supplemental retirement benefit (the amount of such benefit shall be hereinafter referred to as the &#147;Supplemental Retirement Amount&#148;) equal to the difference between (1) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Company&#146;s </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 10 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Retirement Plan (or any successor plan thereto) (the &#147;Retirement Plan&#148;) during the 90day period immediately preceding the Effective Date) of the benefit payable under the Retirement Plan and any supplemental and/or excess retirement plan of the Company and its affiliated companies providing benefits for the Executive (the &#147;SERP&#148;) which the Executive would receive if the Executive&#146;s employment continued at the compensation level provided for in Sections 3(b)(i) and 3(b)(ii) for the remainder of the Employment Period, assuming for this purpose that all accrued benefits are fully vested and that benefit accrual formulas are no less advantageous to the Executive than those in effect during the 90day period immediately preceding the Effective Date, and (2) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Retirement Plan
during the 90day period immediately preceding the Effective Date) of the Executive&#146;s actual benefit (paid or payable), if any, under the Retirement Plan and the SERP; and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the remainder of the Employment Period, or such longer period as any plan, program, practice or policy may provide, the Company shall continue benefits other than health and dental benefits to the Executive and/or the Executive&#146;s family at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated (such continuation of benefits and the continuation of health and dental benefits pursuant to Section 5(a)(iii), in each case for the applicable period set forth, shall be hereinafter referred to as &#147;Welfare Benefit Continuation&#148;); and</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during the Employment Period and continuing thereafter until the date the Executive becomes eligible for Medicare, the Company shall provide health and dental benefits for the Executive (and the Executive&#146;s spouse and dependents if desired by the Executive and if the spouse does not have any health benefits through a current or former employer), at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated, and for the same cost to Employee that would have applied under Section 3(b)(v) if the Executive&#146;s employment had not been terminated.  If the Executive becomes re-employed with another employer and is eligible to receive health and dental benefits under another
employer-provided plan, the health and dental benefits described herein shall be secondary to those provided under such other plan.  For purposes of determining eligibility of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the end of the Employment Period and to have retired on the last day of such period.  Such benefits may be provided through a group health plan or through one or more individual insurance policies.  In addition, The Company shall pay to the Executive a &#147;Tax Gross Up.&#148;  &#147;Tax Gross Up&#148; means an additional amount (the &#147;Additional Payment&#148;) such that the cost of any coverage and benefits provided pursuant to this Section 5(a)(iii), after deduction of any Tax and Expenses related thereto (as defined below) and Tax and Expenses imposed upon the Additional Payment, does not exceed the amount set forth above in this Section 5(a)(iii).
 The term &#147;Tax and Expenses&#148; means any federal, state </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 11 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>and local income and employment tax, together with any interest or penalties imposed with respect to such taxes.  The Company shall pay the applicable Additional Payment as and when the Tax and Expenses are incurred, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise paid or provided, the Company shall timely pay or provide to the Executive and/or the Executive&#146;s family any other amounts or benefits pursuant to the terms of any plan, program, policy or practice or contract or agreement of the Company and its affiliated companies as in effect and applicable generally to other peer executives of the Company and its affiliated companies and their families during the 90day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally thereafter with respect to other peer executives of the Company and its affiliated companies and their families (such other amounts and benefits shall be hereinafter referred to as the &#147;Other Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise provided for herein, all options, warrants or other rights to acquire capital stock of the Company and any stock appreciation rights plan or other similar plan benefits held by or for the benefit of the Executive shall become fully vested and eligible for immediate exercise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, if the Executive is a &#147;specified employee&#148; (determined in accordance with Code Section 409A and Treasury Regulation Section 1.409A-3(i)(2)) as of the date of Separation from Service (other than a Separation from Service due to death), then any payment, benefit or entitlement provided for in this Agreement that is payable during the first six months following the date of Separation from Service shall be paid or provided to the Executive in a lump sum cash payment to be made on the earlier of (a) the Executive&#146;s death or (b) the first business day (or within 30 days after such first business day) of the seventh calendar month immediately following the month in which the date of Separation from Service occurs.  If any payment is delayed pursuant to this provision, the
Company shall pay interest at the rate described below on the postponed payments from the date the payment would have been due but for this provision to the date on which such amounts are paid.  Interest shall be credited at an annual rate equal to the greater of 6% or the Prime Rate, as determined by the Company, in effect on the first day of such delay compounded annually.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment is terminated by reason of the Executive&#146;s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive&#146;s legal representatives under this Agreement, other than for (i) payment of Accrued Obligations (which shall be paid to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits (excluding, in each case, Death Benefits (as defined below)) and (ii) payment to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination of an amount
equal to the greater of (A) the sum of the Severance Amount and the Supplemental Retirement Amount and (B) the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 12 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>present value (determined as provided in Section 280G(d)(4) of the Code) of any cash amount to be received by the Executive or the Executive&#146;s family as a death benefit pursuant to the terms of any plan, policy or arrangement of the Company and its affiliated companies, but not including any proceeds of life insurance covering the Executive to the extent paid for directly or on a contributory basis by the Executive (which shall be paid in any event as an Other Benefit) (the benefits included in this clause (B) shall be hereinafter referred to as the &#147;Death Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Disability</font></i><font size=2>.  If the Executive becomes Disabled during the Employment Period, the Company&#146;s only obligation to the Executive will be (i) payment of Accrued Obligations (which shall be paid to the Executive in a lump sum in cash within 30 days of the Date of disability) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits and (ii) payment to the Executive in a lump sum in cash within 30 days following the Date of Disability of an amount equal to the sum of the Severance Amount and the Supplemental Retirement Amount.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause; Other than for Good Reason</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive Annual Base Salary through the Date of Termination to the extent theretofore unpaid. If the Executive terminates employment during the Employment Period, excluding a termination either for Good Reason or without any reason during the Window Period, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in
cash within 30 days of the Date of Termination.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Non-exclusivity of Rights</font></i><font size=2>.  Except as provided in Sections 5(a)(ii), 5(b) and 5(c), nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future participation in any plan, program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor shall anything herein limit or otherwise affect any rights the Executive may have under any contract or agreement with the Company or any of its affiliated companies. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in accordance with such plan,
policy, practice or program or contract or agreement except as explicitly modified by this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 6.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Full Settlement; Resolution of Disputes</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 13 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>amounts payable to the Executive under any of the provisions of this Agreement and, except as provided in Section 5(a)(ii), such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay promptly as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided that the Executive takes and maintains his position in good faith; plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there shall be any dispute between the Company and the Executive (i) in the event of any termination of the Executive&#146;s employment by the Company, whether such termination was for Cause, or (ii) in the event of any termination of employment by the Executive, whether Good Reason existed, then, unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that such termination was for Cause or that the determination by the Executive of the existence of Good Reason was not made in good faith, the Company shall pay all amounts, and provide all benefits, to the Executive and/or the Executive&#146;s family or other beneficiaries, as the case may be, that the Company would be required to pay or provide pursuant to Section 5(a) as though such termination were by the Company without Cause, or by the
Executive with Good Reason; provided, however, that the Company shall not be required to pay any disputed amount pursuant to this paragraph except upon receipt of an undertaking by or on behalf of the Executive to repay all such amounts to which the Executive is ultimately adjudged by such court not to be entitled.  If the Executive has maintained his or her position in the dispute in good faith (in the sole opinion of the court, which for this purpose shall include any mediator or arbitrator, if the dispute is settled through mediation or arbitration), the Company shall reimburse the Executive for any attorneys&#146; fees and expenses incurred by the Executive with respect to such dispute related to this Agreement, and including any actions taken by either party to appeal or enforce the judgment rendered therein.  Such reimbursement shall be made by direct payment to the Executive upon delivery to the Company of valid invoices and/or receipts relating to such attorneys&#146; fees
and expenses.  </font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 7.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Additional Payments by the Company</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that it shall be determined that any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a &#147;Payment&#148;), would constitute an &#147;excess parachute payment&#148; within the meaning of Section 280G of the Code, the Company shall pay to the Executive an additional amount (the &#147;Additional Payment&#148;) such that the net amount retained by the Executive after deduction of any Excise Tax and Expenses (as defined below), and any federal, state and local income tax, employment tax (&#147;Other Taxes&#148;) and Excise Tax and Expenses imposed upon the Additional Payment, shall be equal to the Payment.  The term
&#147;Excise Tax and Expenses&#148; means the excise tax </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 14 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All determinations to be made under this Section 7 shall be made by an independent registered public accounting firm selected by the Company immediately prior to the Change of Control (the &#147;Accounting Firm&#148;), which shall provide its determinations and any supporting calculations both to the Company and the Employee within ten (10) days of the Change of Control.  Any such determination by the Accounting Firm shall be binding upon the Company and the Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay the applicable Additional Payment as and when the Excise Tax and Expenses are incurred on a Payment, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.  If the amount of an Additional Payment cannot be fully determined by the date on which the applicable portion of the Payment becomes subject to the Excise Tax and Expenses (&#147;Payment Date&#148;), the Company shall pay to the Employee by the Payment Date an estimate of such Additional Payment, as determined by the Accounting Firm, and the Company shall pay to the Employee (or the Employee shall pay to the Company) any difference between the estimated payment and the actual Additional Payment due hereunder (if any) as soon as the amount can be determined, but in no event later than
twenty (20) days before Employee is obligated to remit the Excise Tax and Expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section shall be borne solely by the Company.  The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to this Section, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;give the Company any information reasonably requested by the Company relating to such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 15 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii) &nbsp;&nbsp;&nbsp;&nbsp;cooperate with the Company in good faith in order effectively to contest such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the Company to participate in any proceedings relating to such claim; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(v)</font></p> </td>

        <td width="69%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>agree to extend any statute of limitations;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an aftertax basis, for any Excise Tax and Expenses and Other Taxes imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 7(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination
before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an aftertax basis, from any Excise Tax and Expenses and Other Taxes imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company&#146;s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled
to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company&#146;s complying with the requirements of Section 7(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 16 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 8.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Confidential Information</font></u><font size=2>. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive&#146;s employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive&#146;s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone
other than the Company and those designated by it.  In no event shall an asserted violation of the provisions of this Section 8 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 9.</font></p> </td>

        <td width="39%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Successors</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive&#146;s legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, &#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 10.  </font><u><font size=2>Miscellaneous</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 17 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Executive:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Edward J. Fritsch</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Company:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Chairman of the Board of Directors</font><i></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may withhold from any amounts payable under this Agreement such Federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s or the Company&#146;s failure to insist upon strict compliance with any provision hereof or any other provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason pursuant to Section 4(c)(i)-(v), shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the Executive by the Company is &#147;at will&#148; and, prior to the Effective Date, may be terminated by either the Executive or the Company at any time. Moreover, if prior to the Effective Date, the Executive&#146;s employment with the Company terminates, then the Executive shall have no further rights under this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments under this Agreement shall be in lieu of payment under any other separation pay plan or arrangement for which the Executive may otherwise be eligible.  Notwithstanding the terms of any such other separation pay plan or arrangement, the Executive agrees that he shall not be eligible for any benefits thereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any reimbursements, gross-ups or in-kind benefits to be provided pursuant to this Agreement (including but not limited to Sections 3(b)(v), 3(b)(vi), </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 18 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>3(b)(vii), 5(a)(iii), 6, and 7) that are taxable to Executive shall be subject to the following restrictions:  (a) each reimbursement or gross-up must be paid no later than the last day of the calendar year following the Executive&#146;s tax year during which the expense was incurred or tax was remitted, as the case may be; (b) the amount of expenses or taxes eligible for reimbursement, or in kind benefits or gross-ups provided, during a tax year of the Executive may not affect the expenses or taxes eligible for reimbursement, or in-kind benefits or gross-ups to be provided, in any other tax year of the Executive; (c) the period during which any reimbursement or gross-up ay be paid or in-kind benefit may be provided is the later of ten years after termination of this Agreement or in the case of reimbursements or gross-ups related to any Excise Tax and Expenses, the expiration of all applicable statutes of
limitation for the collection of such Excise Tax and Expenses; and (d) the right to reimbursement, gross-up or in-kind benefits is not subject to liquidation or exchange for another benefit.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 11.  </font><u><font size=2>Termination of Previous Executive Supplemental Employment Agreement</font></u><font size=2>.  Each of the parties hereto agrees that the Executive Supplemental Employment Agreement between the Company and the Executive, dated as of September 30, 1997, and the First Amendment to Executive Supplemental Employment Agreement between the Company and the Executive, dated as of February 25, 2004 (collectively and as amended, the &#147;Prior Agreement&#148;), has been terminated concurrently with the execution of this Agreement and that none of the provisions of the Prior Agreement shall be deemed to survive the execution of this Agreement in any respect.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 19 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.8</font></p>

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<font size=2>IN WITNESS WHEREOF, the Executive has hereunto set the Executive&#146;s hand and, pursuant to the authorization from its Board of Directors, the Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>EXECUTIVE:</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Edward J. Fritsch</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:41.67%;text-align:justify;'><font size=2>Edward J. Fritsch</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Jeffrey D. Miller</font></u></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Jeffrey D. Miller</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Vice President &nbsp;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 20 -</font></A></p> </td> </tr></table>
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<TYPE>EX-10
<SEQUENCE>8
<FILENAME>exh10_9mhcontract.htm
<DESCRIPTION>EX 10.9 AMENDED AND RESTATED EXEC SUPPLEMENTAL EMP AGREEMENT
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.gif"><br> <B><font SIZE=2>AMENDED AND RESTATED</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXECUTIVE SUPPLEMENTAL EMPLOYMENT AGREEMENT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>AMENDED AND RESTATED AGREEMENT by and between HIGHWOODS PROPERTIES, INC., a Maryland corporation (the &#147;Company&#148;), and Michael E. Harris (the &#147;Executive&#148;), effective as of April 13, 2007.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>The Board of Directors of the Company (the &#147;Board&#148;), has determined that it is in the best interests of the Company and its stockholders to ensure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined in Section 1) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive&#146;s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and
which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Definitions</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Effective Date&#148; shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive&#146;s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i)&nbsp;was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control or (ii)&nbsp;otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the &#147;Effective Date&#148; shall mean the date immediately prior to the date of such termination of employment.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Change of Control Period&#148; shall mean the period commencing on the date hereof and ending on the third anniversary of such date; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the &#147;Renewal Date&#148;), the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 1 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For purposes of this Agreement, a &#147;Change of Control&#148; shall mean:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) (a &#147;Person&#148;) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (a) the then outstanding shares of common stock of the Company (the &#147;Outstanding Company Common Stock&#148;) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the &#147;Outstanding Company Voting Securities&#148;); provided, however, that the following acquisitions shall not constitute a Change of Control: (I) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a
conversion privilege), (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (IV) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (I), (II) and (III) of subsection (i) of this Section 1(c) are satisfied; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individuals who, as of the date hereof, constitute the Board (the &#147;Incumbent Board&#148;) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company&#146;s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (a) more than 60% of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions, as their ownership, immediately prior to such
reorganization, merger or consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (b) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 2 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>reorganization, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (c) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of (a) a complete liquidation or dissolution of the Company or (b) the sale or other disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following such sale or other disposition, (I) more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same
proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (II) no Person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (III) at least a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such sale or other disposition of assets of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Separation from Service, &#147;Termination of Employment,&#148; &#147;Terminates Employment&#148;</font></u><font size=2> and similar terms mean the date that Executive separated from service within the meaning of section 409A of the Code.  Generally, Executive will separate from service if the Executive dies, retires, or otherwise has a Separation from Service with the Company, determined in accordance with the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Leaves of Absence</font></u><font size=2>.  The employment relationship is treated as continuing intact while Executive is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or, if longer, so long as Executive retains a right to reemployment with the Company under an applicable statute or by contract.  A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 3 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Company.  If the period of leave exceeds six (6) months and Executive does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six (6)-month period.  Notwithstanding the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes Executive to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a twenty-nine (29)-month period of absence shall be substituted for such six (6)-month period. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Dual Status</font></u><font size=2>.  Generally if Executive performs services both as an employee and an independent contractor, Executive must separate from service both as an employee, and as an independent contractor pursuant to standards set forth in the Treasury Regulations, to be treated as having a Separation from Service.  However, if Executive provides services to the Company as an employee and as a member of the Board, and if any plan in which such person participates as a Board member is not aggregated with this Agreement pursuant to Treasury Regulation Section 1.409A-1(c)(2)(ii), then the services provided as a director are not taken into account in determining whether Executive has a Separation from Service as an employee for purposes of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Separation from Service</font></u><font size=2>.  Whether a Separation from Service has occurred is determined based on whether the facts and circumstances indicate that the Company and Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services Executive would perform after such date (whether as an employee or as an independent contractor except as provided in the preceding paragraph) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor, except as provided in the preceding paragraph) over the immediately preceding thirty six (36) month period (or the full period of
services to the Company if Executive has been providing services to the Company less than thirty six (36) months).  For periods during which Executive is on a paid bona fide leave of absence and has not otherwise terminated employment as described above, for purposes of this paragraph Executive is treated as providing bona fide services at a level equal to the level of services that Executive would have been required to perform to receive the compensation paid with respect to such leave of absence.  Periods during which Executive is on an unpaid bona fide leave of absence and has not otherwise terminated employment are disregarded for purposes of this paragraph (including for purposes of determining the applicable thirty six (36) month (or shorter) period). </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><u><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service with Related Companies</font></u><font size=2>.  For purposes of determining whether a Separation from Service has occurred under the above provisions, the &#147;Company&#148; shall include the Company and all Related Companies.  &#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 4 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level..</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section 414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 2.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Employment Period</font></u><font size=2>.  The term of this Agreement shall commence on the Effective Date and end on the third anniversary of such date (the &#147;Employment Period&#148;), subject to the termination provisions in Sections 4 and 5 herein.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 3.</font><u><font size=2>  Terms of Employment</font></u><font size=2>.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Position and Duties</font></i><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, (A) the Executive&#146;s position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 90day period immediately preceding the Effective Date and (B) the Executive&#146;s services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office which is the headquarters of the Company and is less than 35 miles from such location.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive&#146;s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive&#146;s
responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not hereafter be deemed to interfere with the performance of the Executive&#146;s responsibilities to the Company.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(b)</font></i></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Compensation.</font></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Base Salary</font></i><font size=2>.  During the Employment Period, the Executive shall receive an annual base salary (&#147;Annual Base Salary&#148;), which shall be paid in equal </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 5 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>installments on a monthly basis, at least equal to twelve times the highest monthly base salary paid or payable to the Executive by the Company and its affiliated companies in respect of the twelvemonth period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed at least annually and shall be increased at any time and from time to time as shall be substantially consistent with increases in base salary generally awarded in the ordinary course of business to other peer executives of the Company and its affiliated companies. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.
As used in this Agreement, the term &#147;affiliated companies&#148; shall include any company controlled by, controlling or under common control with the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Annual Bonus</font></i><font size=2>.  In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the &#147;Annual Bonus&#148;) in cash at least equal to the average bonus paid or payable, including by reason of any deferral, to the Executive (or, if the Executive has been employed by the Company for less than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) by the Company and its affiliated companies in respect of the three fiscal years immediately preceding the fiscal year in which the Effective Date occurs (the &#147;Recent Average Bonus&#148;).  Without limitation, for purposes of this
Agreement, the terms &#147;Annual Bonus&#148; and &#147;Recent Average Bonus&#148; shall be deemed to include amounts earned (whether or not paid) with respect to any applicable period under any Non-Equity Incentive Plan (as such term is defined in Item 402(a)(6)(iii) of Regulation S-K promulgated under the Exchange Act and the Securities Act of 1933, as amended, including any successor thereto).  Each such Annual Bonus shall be paid within 2 &#189; months following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect, pursuant to a plan of nonqualified deferred compensation adopted by the Company, if any, under which the Annual Bonus may be deferred, to defer the receipt of such Annual Bonus.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Special Bonus</font></i><font size=2>.   In addition to Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company and its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the &#147;Special Bonus&#148;) in recognition of the Executive&#146;s services during the crucial oneyear transition period following the Change of Control in cash equal to the sum of (A) the Executive&#146;s Annual Base Salary and (B) the greater of (1) the Annual Bonus paid or payable, including by reason of any deferral, to the Executive for the most recently completed fiscal year during the Employment Period, if any, and (2)&nbsp;the Recent Average Bonus (or, if the Executive has been employed by the Company for less
than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) (such greater amount </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 6 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>shall be hereinafter referred to as the &#147;Highest Annual Bonus&#148;). The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Incentive, Savings and Retirement Plans</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as
in effect at any time during the 90-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Welfare Benefit Plans</font></i><font size=2>.  During the Employment Period, the Executive and/or the Executive&#146;s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices, policies
and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Expenses</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vii)</font><i><font size=2>  </font></i><font size=2>&nbsp;&nbsp;</font><i><font size=2>Fringe Benefits</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to fringe benefits no less  favorable, in the aggregate, than the plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 7 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(viii)</font><i><font size=2>  </font></i><font size=2>&nbsp;</font><i><font size=2>Office and Support Staff.</font></i><font size=2>  During the Employment Period, the Executive shall be entitled to an office or offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and its affiliated companies at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Vacation</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Termination of Employment</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death or Disability</font></i><font size=2>.  The Executive&#146;s employment shall terminate automatically upon the Executive&#146;s death during the Employment Period.  If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 10(b) of its intention to terminate the Executive&#146;s employment. In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the &#147;Disability Effective Date&#148;), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive&#146;s
duties. For purposes of this Agreement, &#147;Disability&#148; shall mean the Executive is:  (1) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12 )months; or (2) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause</font></i><font size=2>.   The Company may terminate the Executive&#146;s employment during the Employment Period for Cause. For purposes of this Agreement, &#147;Cause&#148; occurs when the Executive does any of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is convicted of a felony involving moral turpitude under federal, state or local law;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)  &nbsp;&nbsp;&nbsp;&nbsp;materially breaches the Executive&#146;s obligations under Section 3(a) (other than as a result of incapacity due to physical or mental illness) that is demonstrably </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 8 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>willful and deliberate on the Executive&#146;s part, that is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and that is not remedied in a reasonable period of time after receipt of written notice from the Company specifying such breach); and/or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.5%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)  &nbsp;&nbsp;&nbsp;is convicted of any applicable local, state or federal law or Company policy related to discrimination or harassment.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason; Window Period</font></i><font size=2>. The Executive&#146;s employment may be terminated (i) during the Employment Period by the Executive for Good Reason or (ii) during the Window Period by the Executive without any reason. For purposes of this Agreement, the &#147;Window Period&#148; shall mean the 90-day period immediately following the first anniversary of the Effective Date. For purposes of this Agreement, &#147;Good Reason&#148; shall mean:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assignment to the Executive of any duties inconsistent in any respect with the Executive&#146;s position (including status, offices, titles and reporting requirement), authority, duties or responsibilities as contemplated by Section 3(a) or any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with any of the provisions of Section 3(b), other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&#146;s requiring the Executive to be based at any office or location other than that described in Section 3(a) (i) (B);</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any purported termination by the Company of the Executive&#146;s employment otherwise than as expressly permitted by this Agreement; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with and satisfy Section 9(c), provided that such successor has received at least ten days&#146; prior written notice from the Company or the Executive of the requirements of Section 9(c).</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>For purposes of this Section 4(c), any good faith determination of &#147;Good Reason&#148; made by the Executive shall be conclusive.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Notice of Termination</font></i><font size=2>.  Any termination by the Company for Cause, or by the Executive without any reason during the Window Period or for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 10(b). For purposes of this Agreement, a &#147;Notice of Termination&#148; means a written notice which (i) indicates the specific termination provision in this Agreement </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 9 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>relied upon, (ii) to the extent applicable sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date of such notice. The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the Executive&#146;s or the Company&#146;s rights hereunder.  Executive shall be required to provide notice to the Company of the existence of any condition that constitutes Good Reason within 90 days of the initial
existence of the condition, and upon the receipt of such notice the Company shall have a period of 30 days during which it may remedy the condition.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.5%;text-align:justify;'><font size=2> (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Date of Termination</font></i><font size=2>.  &#147;Date of Termination&#148; means the date the Executive experiences a Separation from Service. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Obligations of the Company upon Termination</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason or during the Window Period; Other than for Cause, Death or Disability</font></i><font size=2>.  If, during the Employment Period, the Company shall terminate the Executive&#146;s employment other than for Cause or Disability or the Executive shall terminate employment either for Good Reason or without any reason during the Window Period:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of (1) the Executive&#146;s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Highest Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (3) the Special Bonus, if due to the Executive pursuant to Section 3(b)(iii), to the extent not theretofore paid, and (4) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter referred to as the &#147;Accrued Obligations&#148;); and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount (such amount shall be hereinafter referred to as the &#147;Severance Amount&#148;) equal to the product of (1) 2.99 and (2) the sum of (x) the Executive&#146;s Annual Base Salary and (y) the Highest Annual Bonus; provided, however, that if the Special Bonus has not been paid to the Executive, such amount shall be increased by the amount of the Special Bonus; and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a separate lump-sum supplemental retirement benefit (the amount of such benefit shall be hereinafter referred to as the &#147;Supplemental Retirement Amount&#148;) equal to the difference between (1) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Company&#146;s </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 10 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Retirement Plan (or any successor plan thereto) (the &#147;Retirement Plan&#148;) during the 90day period immediately preceding the Effective Date) of the benefit payable under the Retirement Plan and any supplemental and/or excess retirement plan of the Company and its affiliated companies providing benefits for the Executive (the &#147;SERP&#148;) which the Executive would receive if the Executive&#146;s employment continued at the compensation level provided for in Sections 3(b)(i) and 3(b)(ii) for the remainder of the Employment Period, assuming for this purpose that all accrued benefits are fully vested and that benefit accrual formulas are no less advantageous to the Executive than those in effect during the 90day period immediately preceding the Effective Date, and (2) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Retirement Plan
during the 90day period immediately preceding the Effective Date) of the Executive&#146;s actual benefit (paid or payable), if any, under the Retirement Plan and the SERP; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the remainder of the Employment Period, or such longer period as any plan, program, practice or policy may provide, the Company shall continue benefits other than health and dental benefits to the Executive and/or the Executive&#146;s family at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated (such continuation of benefits and the continuation of health and dental benefits pursuant to Section 5(a)(iii), in each case for the applicable period set forth, shall be hereinafter referred to as &#147;Welfare Benefit Continuation&#148;); and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during the Employment Period and continuing thereafter until the date the Executive becomes eligible for Medicare, the Company shall provide health and dental benefits for the Executive (and the Executive&#146;s spouse and dependents if desired by the Executive and if the spouse does not have any health benefits through a current or former employer), at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated, and for the same cost to Employee that would have applied under Section 3(b)(v) if the Executive&#146;s employment had not been terminated.  If the Executive becomes re-employed with another employer and is eligible to receive health and dental benefits under another
employer-provided plan, the health and dental benefits described herein shall be secondary to those provided under such other plan.  For purposes of determining eligibility of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the end of the Employment Period and to have retired on the last day of such period.  Such benefits may be provided through a group health plan or through one or more individual insurance policies.  In addition, The Company shall pay to the Executive a &#147;Tax Gross Up.&#148;  &#147;Tax Gross Up&#148; means an additional amount (the &#147;Additional Payment&#148;) such that the cost of any coverage and benefits provided pursuant to this Section 5(a)(iii), after deduction of any Tax and Expenses related thereto (as defined below) and Tax and Expenses imposed upon the Additional Payment, does not exceed the amount set forth above in this Section 5(a)(iii).
 The term &#147;Tax and Expenses&#148; means any federal, state </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 11 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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</DIV>

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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>and local income and employment tax, together with any interest or penalties imposed with respect to such taxes.  The Company shall pay the applicable Additional Payment as and when the Tax and Expenses are incurred, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise paid or provided, the Company shall timely pay or provide to the Executive and/or the Executive&#146;s family any other amounts or benefits pursuant to the terms of any plan, program, policy or practice or contract or agreement of the Company and its affiliated companies as in effect and applicable generally to other peer executives of the Company and its affiliated companies and their families during the 90day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally thereafter with respect to other peer executives of the Company and its affiliated companies and their families (such other amounts and benefits shall be hereinafter referred to as the &#147;Other Benefits&#148;).</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise provided for herein, all options, warrants or other rights to acquire capital stock of the Company and any stock appreciation rights plan or other similar plan benefits held by or for the benefit of the Executive shall become fully vested and eligible for immediate exercise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, if the Executive is a &#147;specified employee&#148; (determined in accordance with Code Section 409A and Treasury Regulation Section 1.409A-3(i)(2)) as of the date of Separation from Service (other than a Separation from Service due to death), then any payment, benefit or entitlement provided for in this Agreement that is payable during the first six months following the date of Separation from Service shall be paid or provided to the Executive in a lump sum cash payment to be made on the earlier of (a) the Executive&#146;s death or (b) the first business day (or within 30 days after such first business day) of the seventh calendar month immediately following the month in which the date of Separation from Service occurs.  If any payment is delayed pursuant to this provision, the
Company shall pay interest at the rate described below on the postponed payments from the date the payment would have been due but for this provision to the date on which such amounts are paid.  Interest shall be credited at an annual rate equal to the greater of 6% or the Prime Rate, as determined by the Company, in effect on the first day of such delay compounded annually.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment is terminated by reason of the Executive&#146;s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive&#146;s legal representatives under this Agreement, other than for (i) payment of Accrued Obligations (which shall be paid to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits (excluding, in each case, Death Benefits (as defined below)) and (ii) payment to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination of an amount
equal to the greater of (A) the sum of the Severance Amount and the Supplemental Retirement Amount and (B) the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 12 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>present value (determined as provided in Section 280G(d)(4) of the Code) of any cash amount to be received by the Executive or the Executive&#146;s family as a death benefit pursuant to the terms of any plan, policy or arrangement of the Company and its affiliated companies, but not including any proceeds of life insurance covering the Executive to the extent paid for directly or on a contributory basis by the Executive (which shall be paid in any event as an Other Benefit) (the benefits included in this clause (B) shall be hereinafter referred to as the &#147;Death Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Disability</font></i><font size=2>.  If the Executive becomes Disabled during the Employment Period, the Company&#146;s only obligation to the Executive will be (i) payment of Accrued Obligations (which shall be paid to the Executive in a lump sum in cash within 30 days of the Date of disability) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits and (ii) payment to the Executive in a lump sum in cash within 30 days following the Date of Disability of an amount equal to the sum of the Severance Amount and the Supplemental Retirement Amount.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause; Other than for Good Reason</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive Annual Base Salary through the Date of Termination to the extent theretofore unpaid. If the Executive terminates employment during the Employment Period, excluding a termination either for Good Reason or without any reason during the Window Period, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in
cash within 30 days of the Date of Termination.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Non-exclusivity of Rights</font></i><font size=2>.  Except as provided in Sections 5(a)(ii), 5(b) and 5(c), nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future participation in any plan, program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor shall anything herein limit or otherwise affect any rights the Executive may have under any contract or agreement with the Company or any of its affiliated companies. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in accordance with such plan,
policy, practice or program or contract or agreement except as explicitly modified by this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 6.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Full Settlement; Resolution of Disputes</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 13 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>amounts payable to the Executive under any of the provisions of this Agreement and, except as provided in Section 5(a)(ii), such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay promptly as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided that the Executive takes and maintains his position in good faith; plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there shall be any dispute between the Company and the Executive (i) in the event of any termination of the Executive&#146;s employment by the Company, whether such termination was for Cause, or (ii) in the event of any termination of employment by the Executive, whether Good Reason existed, then, unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that such termination was for Cause or that the determination by the Executive of the existence of Good Reason was not made in good faith, the Company shall pay all amounts, and provide all benefits, to the Executive and/or the Executive&#146;s family or other beneficiaries, as the case may be, that the Company would be required to pay or provide pursuant to Section 5(a) as though such termination were by the Company without Cause, or by the
Executive with Good Reason; provided, however, that the Company shall not be required to pay any disputed amount pursuant to this paragraph except upon receipt of an undertaking by or on behalf of the Executive to repay all such amounts to which the Executive is ultimately adjudged by such court not to be entitled.  If the Executive has maintained his or her position in the dispute in good faith (in the sole opinion of the court, which for this purpose shall include any mediator or arbitrator, if the dispute is settled through mediation or arbitration), the Company shall reimburse the Executive for any attorneys&#146; fees and expenses incurred by the Executive with respect to such dispute related to this Agreement, and including any actions taken by either party to appeal or enforce the judgment rendered therein.  Such reimbursement shall be made by direct payment to the Executive upon delivery to the Company of valid invoices and/or receipts relating to such attorneys&#146; fees and
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 7.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Additional Payments by the Company</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that it shall be determined that any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a &#147;Payment&#148;), would constitute an &#147;excess parachute payment&#148; within the meaning of Section 280G of the Code, the Company shall pay to the Executive an additional amount (the &#147;Additional Payment&#148;) such that the net amount retained by the Executive after deduction of any Excise Tax and Expenses (as defined below), and any federal, state and local income tax, employment tax (&#147;Other Taxes&#148;) and Excise Tax and Expenses imposed upon the Additional Payment, shall be equal to the Payment.  The term
&#147;Excise Tax and Expenses&#148; means the excise tax </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 14 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All determinations to be made under this Section 7 shall be made by an independent registered public accounting firm selected by the Company immediately prior to the Change of Control (the &#147;Accounting Firm&#148;), which shall provide its determinations and any supporting calculations both to the Company and the Employee within ten (10) days of the Change of Control.  Any such determination by the Accounting Firm shall be binding upon the Company and the Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay the applicable Additional Payment as and when the Excise Tax and Expenses are incurred on a Payment, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.  If the amount of an Additional Payment cannot be fully determined by the date on which the applicable portion of the Payment becomes subject to the Excise Tax and Expenses (&#147;Payment Date&#148;), the Company shall pay to the Employee by the Payment Date an estimate of such Additional Payment, as determined by the Accounting Firm, and the Company shall pay to the Employee (or the Employee shall pay to the Company) any difference between the estimated payment and the actual Additional Payment due hereunder (if any) as soon as the amount can be determined, but in no event later than
twenty (20) days before Employee is obligated to remit the Excise Tax and Expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section shall be borne solely by the Company.  The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to this Section, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;give the Company any information reasonably requested by the Company relating to such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 15 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii) &nbsp;&nbsp;&nbsp;&nbsp;cooperate with the Company in good faith in order effectively to contest such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the Company to participate in any proceedings relating to such claim; and</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(v)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>agree to extend any statute of limitations;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an aftertax basis, for any Excise Tax and Expenses and Other Taxes imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 7(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an aftertax basis, from any Excise Tax and Expenses and Other Taxes imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company&#146;s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company&#146;s complying with the requirements of Section 7(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 16 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 8.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Confidential Information</font></u><font size=2>. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive&#146;s employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive&#146;s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone
other than the Company and those designated by it.  In no event shall an asserted violation of the provisions of this Section 8 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 9.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Successors</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive&#146;s legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, &#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 10.  </font><u><font size=2>Miscellaneous</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 17 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Executive:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Michael E. Harris</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Company:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Chairman of the Board of Directors</font><i></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may withhold from any amounts payable under this Agreement such Federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s or the Company&#146;s failure to insist upon strict compliance with any provision hereof or any other provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason pursuant to Section 4(c)(i)-(v), shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the Executive by the Company is &#147;at will&#148; and, prior to the Effective Date, may be terminated by either the Executive or the Company at any time. Moreover, if prior to the Effective Date, the Executive&#146;s employment with the Company terminates, then the Executive shall have no further rights under this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments under this Agreement shall be in lieu of payment under any other separation pay plan or arrangement for which the Executive may otherwise be eligible.  Notwithstanding the terms of any such other separation pay plan or arrangement, the Executive agrees that he shall not be eligible for any benefits thereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any reimbursements, gross-ups or in-kind benefits to be provided pursuant to this Agreement (including but not limited to Sections 3(b)(v), 3(b)(vi), </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 18 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>3(b)(vii), 5(a)(iii), 6, and 7) that are taxable to Executive shall be subject to the following restrictions:  (a) each reimbursement or gross-up must be paid no later than the last day of the calendar year following the Executive&#146;s tax year during which the expense was incurred or tax was remitted, as the case may be; (b) the amount of expenses or taxes eligible for reimbursement, or in kind benefits or gross-ups provided, during a tax year of the Executive may not affect the expenses or taxes eligible for reimbursement, or in-kind benefits or gross-ups to be provided, in any other tax year of the Executive; (c) the period during which any reimbursement or gross-up ay be paid or in-kind benefit may be provided is the later of ten years after termination of this Agreement or in the case of reimbursements or gross-ups related to any Excise Tax and Expenses, the expiration of all applicable statutes of
limitation for the collection of such Excise Tax and Expenses; and (d) the right to reimbursement, gross-up or in-kind benefits is not subject to liquidation or exchange for another benefit.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 11.  </font><u><font size=2>Termination of Previous Executive Supplemental Employment Agreement</font></u><font size=2>.  Each of the parties hereto agrees that the Executive Supplemental Employment Agreement between the Company and the Executive, dated as of January 17, 1999, and the First Amendment to Executive Supplemental Employment Agreement between the Company and the Executive, dated as of April 1, 2004 (collectively and as amended, the &#147;Prior Agreement&#148;), has been terminated concurrently with the execution of this Agreement and that none of the provisions of the Prior Agreement shall be deemed to survive the execution of this Agreement in any respect.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 19 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.9</font></p>

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<font size=2>IN WITNESS WHEREOF, the Executive has hereunto set the Executive&#146;s hand and, pursuant to the authorization from its Board of Directors, the Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>EXECUTIVE:</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Michael E. Harris</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:41.67%;text-align:justify;'><font size=2>Michael E. Harris</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Edward J. Fritsch</font></u></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>President and Chief Executive Officer</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 20 -</font></A></p> </td> </tr></table>
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<TYPE>EX-10
<SEQUENCE>9
<FILENAME>exh10_10tscontract.htm
<DESCRIPTION>EX 10.10 AMENDED AND RESTATED EXEC SUPPLEMENTAL EMP AGREEMENT
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.gif"><br> <B><font SIZE=2>AMENDED AND RESTATED</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXECUTIVE SUPPLEMENTAL EMPLOYMENT AGREEMENT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>AMENDED AND RESTATED AGREEMENT by and between HIGHWOODS PROPERTIES, INC., a Maryland corporation (the &#147;Company&#148;), and Terry L. Stevens (the &#147;Executive&#148;), effective as of April 13, 2007.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>The Board of Directors of the Company (the &#147;Board&#148;), has determined that it is in the best interests of the Company and its stockholders to ensure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined in Section 1) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive&#146;s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and
which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Definitions</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Effective Date&#148; shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive&#146;s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i)&nbsp;was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control or (ii)&nbsp;otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the &#147;Effective Date&#148; shall mean the date immediately prior to the date of such termination of employment.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Change of Control Period&#148; shall mean the period commencing on the date hereof and ending on the third anniversary of such date; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the &#147;Renewal Date&#148;), the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 1 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For purposes of this Agreement, a &#147;Change of Control&#148; shall mean:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) (a &#147;Person&#148;) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (a) the then outstanding shares of common stock of the Company (the &#147;Outstanding Company Common Stock&#148;) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the &#147;Outstanding Company Voting Securities&#148;); provided, however, that the following acquisitions shall not constitute a Change of Control: (I) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a
conversion privilege), (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (IV) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (I), (II) and (III) of subsection (i) of this Section 1(c) are satisfied; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individuals who, as of the date hereof, constitute the Board (the &#147;Incumbent Board&#148;) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company&#146;s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (a) more than 60% of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions, as their ownership, immediately prior to
such reorganization, merger or consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (b) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such reorgani</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 2 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>zation, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (c) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of (a) a complete liquidation or dissolution of the Company or (b) the sale or other disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following such sale or other disposition, (I) more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same
proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (II) no Person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (III) at least a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such sale or other disposition of assets of the Company.</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Separation from Service, &#147;Termination of Employment,&#148; &#147;Terminates Employment&#148;</font></u><font size=2> and similar terms mean the date that Executive separated from service within the meaning of section 409A of the Code.  Generally, Executive will separate from service if the Executive dies, retires, or otherwise has a Separation from Service with the Company, determined in accordance with the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Leaves of Absence</font></u><font size=2>.  The employment relationship is treated as continuing intact while Executive is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or, if longer, so long as Executive retains a right to reemployment with the Company under an applicable statute or by contract.  A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 3 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Company.  If the period of leave exceeds six (6) months and Executive does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six (6)-month period.  Notwithstanding the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes Executive to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a twenty-nine (29)-month period of absence shall be substituted for such six (6)-month period. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Dual Status</font></u><font size=2>.  Generally if Executive performs services both as an employee and an independent contractor, Executive must separate from service both as an employee, and as an independent contractor pursuant to standards set forth in the Treasury Regulations, to be treated as having a Separation from Service.  However, if Executive provides services to the Company as an employee and as a member of the Board, and if any plan in which such person participates as a Board member is not aggregated with this Agreement pursuant to Treasury Regulation Section 1.409A-1(c)(2)(ii), then the services provided as a director are not taken into account in determining whether Executive has a Separation from Service as an employee for purposes of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Separation from Service</font></u><font size=2>.  Whether a Separation from Service has occurred is determined based on whether the facts and circumstances indicate that the Company and Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services Executive would perform after such date (whether as an employee or as an independent contractor except as provided in the preceding paragraph) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor, except as provided in the preceding paragraph) over the immediately preceding thirty six (36) month period (or the full period of
services to the Company if Executive has been providing services to the Company less than thirty six (36) months).  For periods during which Executive is on a paid bona fide leave of absence and has not otherwise terminated employment as described above, for purposes of this paragraph Executive is treated as providing bona fide services at a level equal to the level of services that Executive would have been required to perform to receive the compensation paid with respect to such leave of absence.  Periods during which Executive is on an unpaid bona fide leave of absence and has not otherwise terminated employment are disregarded for purposes of this paragraph (including for purposes of determining the applicable thirty six (36) month (or shorter) period). </font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><u><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service with Related Companies</font></u><font size=2>.  For purposes of determining whether a Separation from Service has occurred under the above provisions, the &#147;Company&#148; shall include the Company and all Related Companies.  &#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 4 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level..</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section 414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 2.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Employment Period</font></u><font size=2>.  The term of this Agreement shall commence on the Effective Date and end on the third anniversary of such date (the &#147;Employment Period&#148;), subject to the termination provisions in Sections 4 and 5 herein.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 3.</font><u><font size=2>  Terms of Employment</font></u><font size=2>.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Position and Duties</font></i><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, (A) the Executive&#146;s position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 90day period immediately preceding the Effective Date and (B) the Executive&#146;s services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office which is the headquarters of the Company and is less than 35 miles from such location.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive&#146;s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive&#146;s
responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not hereafter be deemed to interfere with the performance of the Executive&#146;s responsibilities to the Company.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(b)</font></i></p> </td>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Base Salary</font></i><font size=2>.  During the Employment Period, the Executive shall receive an annual base salary (&#147;Annual Base Salary&#148;), which shall be paid in equal </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 5 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>installments on a monthly basis, at least equal to twelve times the highest monthly base salary paid or payable to the Executive by the Company and its affiliated companies in respect of the twelvemonth period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed at least annually and shall be increased at any time and from time to time as shall be substantially consistent with increases in base salary generally awarded in the ordinary course of business to other peer executives of the Company and its affiliated companies. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.
As used in this Agreement, the term &#147;affiliated companies&#148; shall include any company controlled by, controlling or under common control with the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Annual Bonus</font></i><font size=2>.  In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the &#147;Annual Bonus&#148;) in cash at least equal to the average bonus paid or payable, including by reason of any deferral, to the Executive (or, if the Executive has been employed by the Company for less than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) by the Company and its affiliated companies in respect of the three fiscal years immediately preceding the fiscal year in which the Effective Date occurs (the &#147;Recent Average Bonus&#148;).  Without limitation, for purposes of this
Agreement, the terms &#147;Annual Bonus&#148; and &#147;Recent Average Bonus&#148; shall be deemed to include amounts earned (whether or not paid) with respect to any applicable period under any Non-Equity Incentive Plan (as such term is defined in Item 402(a)(6)(iii) of Regulation S-K promulgated under the Exchange Act and the Securities Act of 1933, as amended, including any successor thereto).  Each such Annual Bonus shall be paid within 2 &#189; months following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect, pursuant to a plan of nonqualified deferred compensation adopted by the Company, if any, under which the Annual Bonus may be deferred, to defer the receipt of such Annual Bonus.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Special Bonus</font></i><font size=2>.   In addition to Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company and its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the &#147;Special Bonus&#148;) in recognition of the Executive&#146;s services during the crucial oneyear transition period following the Change of Control in cash equal to the sum of (A) the Executive&#146;s Annual Base Salary and (B) the greater of (1) the Annual Bonus paid or payable, including by reason of any deferral, to the Executive for the most recently completed fiscal year during the Employment Period, if any, and (2)&nbsp;the Recent Average Bonus (or, if the Executive has been employed by the Company for less
than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) (such greater amount </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 6 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>shall be hereinafter referred to as the &#147;Highest Annual Bonus&#148;). The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Incentive, Savings and Retirement Plans</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs
as in effect at any time during the 90-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Welfare Benefit Plans</font></i><font size=2>.  During the Employment Period, the Executive and/or the Executive&#146;s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices,
policies and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Expenses</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vii)</font><i><font size=2>  </font></i><font size=2>&nbsp;&nbsp;</font><i><font size=2>Fringe Benefits</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to fringe benefits no less  favorable, in the aggregate, than the plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 7 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(viii)</font><i><font size=2>  </font></i><font size=2>&nbsp;</font><i><font size=2>Office and Support Staff.</font></i><font size=2>  During the Employment Period, the Executive shall be entitled to an office or offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and its affiliated companies at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Vacation</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Termination of Employment</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death or Disability</font></i><font size=2>.  The Executive&#146;s employment shall terminate automatically upon the Executive&#146;s death during the Employment Period.  If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 10(b) of its intention to terminate the Executive&#146;s employment. In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the &#147;Disability Effective Date&#148;), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive&#146;s
duties. For purposes of this Agreement, &#147;Disability&#148; shall mean the Executive is:  (1) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12 )months; or (2) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause</font></i><font size=2>.   The Company may terminate the Executive&#146;s employment during the Employment Period for Cause. For purposes of this Agreement, &#147;Cause&#148; occurs when the Executive does any of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is convicted of a felony involving moral turpitude under federal, state or local law;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)  &nbsp;&nbsp;&nbsp;&nbsp;materially breaches the Executive&#146;s obligations under Section 3(a) (other than as a result of incapacity due to physical or mental illness) that is demonstrably </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 8 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>willful and deliberate on the Executive&#146;s part, that is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and that is not remedied in a reasonable period of time after receipt of written notice from the Company specifying such breach); and/or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.5%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)  &nbsp;&nbsp;&nbsp;is convicted of any applicable local, state or federal law or Company policy related to discrimination or harassment.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason; Window Period</font></i><font size=2>. The Executive&#146;s employment may be terminated (i) during the Employment Period by the Executive for Good Reason or (ii) during the Window Period by the Executive without any reason. For purposes of this Agreement, the &#147;Window Period&#148; shall mean the 90-day period immediately following the first anniversary of the Effective Date. For purposes of this Agreement, &#147;Good Reason&#148; shall mean:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assignment to the Executive of any duties inconsistent in any respect with the Executive&#146;s position (including status, offices, titles and reporting requirement), authority, duties or responsibilities as contemplated by Section 3(a) or any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with any of the provisions of Section 3(b), other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&#146;s requiring the Executive to be based at any office or location other than that described in Section 3(a) (i) (B);</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any purported termination by the Company of the Executive&#146;s employment otherwise than as expressly permitted by this Agreement; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with and satisfy Section 9(c), provided that such successor has received at least ten days&#146; prior written notice from the Company or the Executive of the requirements of Section 9(c).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>For purposes of this Section 4(c), any good faith determination of &#147;Good Reason&#148; made by the Executive shall be conclusive.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Notice of Termination</font></i><font size=2>.  Any termination by the Company for Cause, or by the Executive without any reason during the Window Period or for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 10(b). For purposes of this Agreement, a &#147;Notice of Termination&#148; means a written notice which (i) indicates the specific termination provision in this Agreement </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 9 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>relied upon, (ii) to the extent applicable sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date of such notice. The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the Executive&#146;s or the Company&#146;s rights hereunder.  Executive shall be required to provide notice to the Company of the existence of any condition that constitutes Good Reason within 90 days of the initial
existence of the condition, and upon the receipt of such notice the Company shall have a period of 30 days during which it may remedy the condition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.5%;text-align:justify;'><font size=2> (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Date of Termination</font></i><font size=2>.  &#147;Date of Termination&#148; means the date the Executive experiences a Separation from Service. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Obligations of the Company upon Termination</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason or during the Window Period; Other than for Cause, Death or Disability</font></i><font size=2>.  If, during the Employment Period, the Company shall terminate the Executive&#146;s employment other than for Cause or Disability or the Executive shall terminate employment either for Good Reason or without any reason during the Window Period:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of (1) the Executive&#146;s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Highest Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (3) the Special Bonus, if due to the Executive pursuant to Section 3(b)(iii), to the extent not theretofore paid, and (4) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter referred to as the &#147;Accrued Obligations&#148;); and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount (such amount shall be hereinafter referred to as the &#147;Severance Amount&#148;) equal to the product of (1) 2.99 and (2) the sum of (x) the Executive&#146;s Annual Base Salary and (y) the Highest Annual Bonus; provided, however, that if the Special Bonus has not been paid to the Executive, such amount shall be increased by the amount of the Special Bonus; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a separate lump-sum supplemental retirement benefit (the amount of such benefit shall be hereinafter referred to as the &#147;Supplemental Retirement Amount&#148;) equal to the difference between (1) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Company&#146;s </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 10 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Retirement Plan (or any successor plan thereto) (the &#147;Retirement Plan&#148;) during the 90day period immediately preceding the Effective Date) of the benefit payable under the Retirement Plan and any supplemental and/or excess retirement plan of the Company and its affiliated companies providing benefits for the Executive (the &#147;SERP&#148;) which the Executive would receive if the Executive&#146;s employment continued at the compensation level provided for in Sections 3(b)(i) and 3(b)(ii) for the remainder of the Employment Period, assuming for this purpose that all accrued benefits are fully vested and that benefit accrual formulas are no less advantageous to the Executive than those in effect during the 90day period immediately preceding the Effective Date, and (2) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Retirement Plan
during the 90day period immediately preceding the Effective Date) of the Executive&#146;s actual benefit (paid or payable), if any, under the Retirement Plan and the SERP; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the remainder of the Employment Period, or such longer period as any plan, program, practice or policy may provide, the Company shall continue benefits other than health and dental benefits to the Executive and/or the Executive&#146;s family at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated (such continuation of benefits and the continuation of health and dental benefits pursuant to Section 5(a)(iii), in each case for the applicable period set forth, shall be hereinafter referred to as &#147;Welfare Benefit Continuation&#148;); and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during the Employment Period, the Company shall provide health and dental benefits for the Executive (and the Executive&#146;s spouse and dependents if desired by the Executive and if the spouse does not have any health benefits through a current or former employer), at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated, and for the same cost to Employee that would have applied under Section 3(b)(v) if the Executive&#146;s employment had not been terminated.  If the Executive becomes re-employed with another employer and is eligible to receive health and dental benefits under another employer-provided plan, the health and dental benefits described herein shall be secondary to
those provided under such other plan.  For purposes of determining eligibility of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the end of the Employment Period and to have retired on the last day of such period.  Such benefits may be provided through a group health plan or through one or more individual insurance policies.  In addition, The Company shall pay to the Executive a &#147;Tax Gross Up.&#148;  &#147;Tax Gross Up&#148; means an additional amount (the &#147;Additional Payment&#148;) such that the cost of any coverage and benefits provided pursuant to this Section 5(a)(iii), after deduction of any Tax and Expenses related thereto (as defined below) and Tax and Expenses imposed upon the Additional Payment, does not exceed the amount set forth above in this Section 5(a)(iii).  The term &#147;Tax and Expenses&#148; means any federal, state and local income and
employment tax, together with any interest or penalties imposed </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 11 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>with respect to such taxes.  The Company shall pay the applicable Additional Payment as and when the Tax and Expenses are incurred, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise paid or provided, the Company shall timely pay or provide to the Executive and/or the Executive&#146;s family any other amounts or benefits pursuant to the terms of any plan, program, policy or practice or contract or agreement of the Company and its affiliated companies as in effect and applicable generally to other peer executives of the Company and its affiliated companies and their families during the 90day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally thereafter with respect to other peer executives of the Company and its affiliated companies and their families (such other amounts and benefits shall be hereinafter referred to as the &#147;Other Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise provided for herein, all options, warrants or other rights to acquire capital stock of the Company and any stock appreciation rights plan or other similar plan benefits held by or for the benefit of the Executive shall become fully vested and eligible for immediate exercise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, if the Executive is a &#147;specified employee&#148; (determined in accordance with Code Section 409A and Treasury Regulation Section 1.409A-3(i)(2)) as of the date of Separation from Service (other than a Separation from Service due to death), then any payment, benefit or entitlement provided for in this Agreement that is payable during the first six months following the date of Separation from Service shall be paid or provided to the Executive in a lump sum cash payment to be made on the earlier of (a) the Executive&#146;s death or (b) the first business day (or within 30 days after such first business day) of the seventh calendar month immediately following the month in which the date of Separation from Service occurs.  If any payment is delayed pursuant to this provision, the
Company shall pay interest at the rate described below on the postponed payments from the date the payment would have been due but for this provision to the date on which such amounts are paid.  Interest shall be credited at an annual rate equal to the greater of 6% or the Prime Rate, as determined by the Company, in effect on the first day of such delay compounded annually.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment is terminated by reason of the Executive&#146;s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive&#146;s legal representatives under this Agreement, other than for (i) payment of Accrued Obligations (which shall be paid to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits (excluding, in each case, Death Benefits (as defined below)) and (ii) payment to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination of an amount
equal to the greater of (A) the sum of the Severance Amount and the Supplemental Retirement Amount and (B) the present value (determined as provided in Section 280G(d)(4) of the Code) of any cash </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 12 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>amount to be received by the Executive or the Executive&#146;s family as a death benefit pursuant to the terms of any plan, policy or arrangement of the Company and its affiliated companies, but not including any proceeds of life insurance covering the Executive to the extent paid for directly or on a contributory basis by the Executive (which shall be paid in any event as an Other Benefit) (the benefits included in this clause (B) shall be hereinafter referred to as the &#147;Death Benefits&#148;).</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Disability</font></i><font size=2>.  If the Executive becomes Disabled during the Employment Period, the Company&#146;s only obligation to the Executive will be (i) payment of Accrued Obligations (which shall be paid to the Executive in a lump sum in cash within 30 days of the Date of disability) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits and (ii) payment to the Executive in a lump sum in cash within 30 days following the Date of Disability of an amount equal to the sum of the Severance Amount and the Supplemental Retirement Amount.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause; Other than for Good Reason</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive Annual Base Salary through the Date of Termination to the extent theretofore unpaid. If the Executive terminates employment during the Employment Period, excluding a termination either for Good Reason or without any reason during the Window Period, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in
cash within 30 days of the Date of Termination.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Non-exclusivity of Rights</font></i><font size=2>.  Except as provided in Sections 5(a)(ii), 5(b) and 5(c), nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future participation in any plan, program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor shall anything herein limit or otherwise affect any rights the Executive may have under any contract or agreement with the Company or any of its affiliated companies. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in accordance with such plan,
policy, practice or program or contract or agreement except as explicitly modified by this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 6.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Full Settlement; Resolution of Disputes</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and, </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 13 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>except as provided in Section 5(a)(ii), such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay promptly as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided that the Executive takes and maintains his position in good faith; plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there shall be any dispute between the Company and the Executive (i) in the event of any termination of the Executive&#146;s employment by the Company, whether such termination was for Cause, or (ii) in the event of any termination of employment by the Executive, whether Good Reason existed, then, unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that such termination was for Cause or that the determination by the Executive of the existence of Good Reason was not made in good faith, the Company shall pay all amounts, and provide all benefits, to the Executive and/or the Executive&#146;s family or other beneficiaries, as the case may be, that the Company would be required to pay or provide pursuant to Section 5(a) as though such termination were by the Company without Cause, or by the
Executive with Good Reason; provided, however, that the Company shall not be required to pay any disputed amount pursuant to this paragraph except upon receipt of an undertaking by or on behalf of the Executive to repay all such amounts to which the Executive is ultimately adjudged by such court not to be entitled.  If the Executive has maintained his or her position in the dispute in good faith (in the sole opinion of the court, which for this purpose shall include any mediator or arbitrator, if the dispute is settled through mediation or arbitration), the Company shall reimburse the Executive for any attorneys&#146; fees and expenses incurred by the Executive with respect to such dispute related to this Agreement, and including any actions taken by either party to appeal or enforce the judgment rendered therein.  Such reimbursement shall be made by direct payment to the Executive upon delivery to the Company of valid invoices and/or receipts relating to such attorneys&#146; fees
and expenses.  </font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 7.</font></p> </td>

        <td width="69%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Additional Payments by the Company</font></u><font size=2>.</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that it shall be determined that any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a &#147;Payment&#148;), would constitute an &#147;excess parachute payment&#148; within the meaning of Section 280G of the Code, the Company shall pay to the Executive an additional amount (the &#147;Additional Payment&#148;) such that the net amount retained by the Executive after deduction of any Excise Tax and Expenses (as defined below), and any federal, state and local income tax, employment tax (&#147;Other Taxes&#148;) and Excise Tax and Expenses imposed upon the Additional Payment, shall be equal to the Payment.  The term
&#147;Excise Tax and Expenses&#148; means the excise tax </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 14 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All determinations to be made under this Section 7 shall be made by an independent registered public accounting firm selected by the Company immediately prior to the Change of Control (the &#147;Accounting Firm&#148;), which shall provide its determinations and any supporting calculations both to the Company and the Employee within ten (10) days of the Change of Control.  Any such determination by the Accounting Firm shall be binding upon the Company and the Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay the applicable Additional Payment as and when the Excise Tax and Expenses are incurred on a Payment, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.  If the amount of an Additional Payment cannot be fully determined by the date on which the applicable portion of the Payment becomes subject to the Excise Tax and Expenses (&#147;Payment Date&#148;), the Company shall pay to the Employee by the Payment Date an estimate of such Additional Payment, as determined by the Accounting Firm, and the Company shall pay to the Employee (or the Employee shall pay to the Company) any difference between the estimated payment and the actual Additional Payment due hereunder (if any) as soon as the amount can be determined, but in no event later than
twenty (20) days before Employee is obligated to remit the Excise Tax and Expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section shall be borne solely by the Company.  The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to this Section, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;give the Company any information reasonably requested by the Company relating to such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 15 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii) &nbsp;&nbsp;&nbsp;&nbsp;cooperate with the Company in good faith in order effectively to contest such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the Company to participate in any proceedings relating to such claim; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(v)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>agree to extend any statute of limitations;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an aftertax basis, for any Excise Tax and Expenses and Other Taxes imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 7(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an aftertax basis, from any Excise Tax and Expenses and Other Taxes imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company&#146;s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company&#146;s complying with the requirements of Section 7(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 16 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 8.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Confidential Information</font></u><font size=2>. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive&#146;s employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive&#146;s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone
other than the Company and those designated by it.  In no event shall an asserted violation of the provisions of this Section 8 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 9.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Successors</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive&#146;s legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, &#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 10.  </font><u><font size=2>Miscellaneous</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 17 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Executive:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Terry L. Stevens</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Company:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Chairman of the Board of Directors</font><i></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may withhold from any amounts payable under this Agreement such Federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s or the Company&#146;s failure to insist upon strict compliance with any provision hereof or any other provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason pursuant to Section 4(c)(i)-(v), shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the Executive by the Company is &#147;at will&#148; and, prior to the Effective Date, may be terminated by either the Executive or the Company at any time. Moreover, if prior to the Effective Date, the Executive&#146;s employment with the Company terminates, then the Executive shall have no further rights under this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments under this Agreement shall be in lieu of payment under any other separation pay plan or arrangement for which the Executive may otherwise be eligible.  Notwithstanding the terms of any such other separation pay plan or arrangement, the Executive agrees that he shall not be eligible for any benefits thereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any reimbursements, gross-ups or in-kind benefits to be provided pursuant to this Agreement (including but not limited to Sections 3(b)(v), 3(b)(vi), </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 18 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>3(b)(vii), 5(a)(iii), 6, and 7) that are taxable to Executive shall be subject to the following restrictions:  (a) each reimbursement or gross-up must be paid no later than the last day of the calendar year following the Executive&#146;s tax year during which the expense was incurred or tax was remitted, as the case may be; (b) the amount of expenses or taxes eligible for reimbursement, or in kind benefits or gross-ups provided, during a tax year of the Executive may not affect the expenses or taxes eligible for reimbursement, or in-kind benefits or gross-ups to be provided, in any other tax year of the Executive; (c) the period during which any reimbursement or gross-up ay be paid or in-kind benefit may be provided is the later of ten years after termination of this Agreement or in the case of reimbursements or gross-ups related to any Excise Tax and Expenses, the expiration of all applicable statutes of
limitation for the collection of such Excise Tax and Expenses; and (d) the right to reimbursement, gross-up or in-kind benefits is not subject to liquidation or exchange for another benefit.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 11.  </font><u><font size=2>Termination of Previous Executive Supplemental Employment Agreement</font></u><font size=2>.  Each of the parties hereto agrees that the Executive Supplemental Employment Agreement between the Company and the Executive, dated as of July 19, 2004 (the &#147;Prior Agreement&#148;), has been terminated concurrently with the execution of this Agreement and that none of the provisions of the Prior Agreement shall be deemed to survive the execution of this Agreement in any respect.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 19 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<font size=2>IN WITNESS WHEREOF, the Executive has hereunto set the Executive&#146;s hand and, pursuant to the authorization from its Board of Directors, the Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>EXECUTIVE:</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Terry L. Stevens</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:41.67%;text-align:justify;'><font size=2>Terry L. Stevens</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Edward J. Fritsch</font></u></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Name:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Title:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>President and Chief Executive Officer</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 20 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<TYPE>EX-10
<SEQUENCE>10
<FILENAME>exh10_11gacontract.htm
<DESCRIPTION>EX 10.11 AMENDED AND RESTATED EXEC SUPPLEMENTAL EMP AGREEMENT
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.gif"><br> <B><font SIZE=2>AMENDED AND RESTATED</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXECUTIVE SUPPLEMENTAL EMPLOYMENT AGREEMENT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>AMENDED AND RESTATED AGREEMENT by and between HIGHWOODS PROPERTIES, INC., a Maryland corporation (the &#147;Company&#148;), and Gene H. Anderson (the &#147;Executive&#148;), effective as of April 13, 2007.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>The Board of Directors of the Company (the &#147;Board&#148;), has determined that it is in the best interests of the Company and its stockholders to ensure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined in Section 1) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive&#146;s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and
which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Definitions</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Effective Date&#148; shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive&#146;s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i)&nbsp;was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control or (ii)&nbsp;otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the &#147;Effective Date&#148; shall mean the date immediately prior to the date of such termination of employment.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Change of Control Period&#148; shall mean the period commencing on the date hereof and ending on the third anniversary of such date; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the &#147;Renewal Date&#148;), the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 1 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For purposes of this Agreement, a &#147;Change of Control&#148; shall mean:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) (a &#147;Person&#148;) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (a) the then outstanding shares of common stock of the Company (the &#147;Outstanding Company Common Stock&#148;) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the &#147;Outstanding Company Voting Securities&#148;); provided, however, that the following acquisitions shall not constitute a Change of Control: (I) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a
conversion privilege), (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (IV) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (I), (II) and (III) of subsection (i) of this Section 1(c) are satisfied; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individuals who, as of the date hereof, constitute the Board (the &#147;Incumbent Board&#148;) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company&#146;s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (a) more than 60% of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions, as their ownership, immediately prior to such
reorganization, merger or consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (b) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such reorgani</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 2 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>zation, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (c) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of (a) a complete liquidation or dissolution of the Company or (b) the sale or other disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following such sale or other disposition, (I) more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same
proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (II) no Person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (III) at least a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such sale or other disposition of assets of the Company.</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Separation from Service, &#147;Termination of Employment,&#148; &#147;Terminates Employment&#148;</font></u><font size=2> and similar terms mean the date that Executive separated from service within the meaning of section 409A of the Code.  Generally, Executive will separate from service if the Executive dies, retires, or otherwise has a Separation from Service with the Company, determined in accordance with the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Leaves of Absence</font></u><font size=2>.  The employment relationship is treated as continuing intact while Executive is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or, if longer, so long as Executive retains a right to reemployment with the Company under an applicable statute or by contract.  A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 3 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Company.  If the period of leave exceeds six (6) months and Executive does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six (6)-month period.  Notwithstanding the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes Executive to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a twenty-nine (29)-month period of absence shall be substituted for such six (6)-month period. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Dual Status</font></u><font size=2>.  Generally if Executive performs services both as an employee and an independent contractor, Executive must separate from service both as an employee, and as an independent contractor pursuant to standards set forth in the Treasury Regulations, to be treated as having a Separation from Service.  However, if Executive provides services to the Company as an employee and as a member of the Board, and if any plan in which such person participates as a Board member is not aggregated with this Agreement pursuant to Treasury Regulation Section 1.409A-1(c)(2)(ii), then the services provided as a director are not taken into account in determining whether Executive has a Separation from Service as an employee for purposes of this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Separation from Service</font></u><font size=2>.  Whether a Separation from Service has occurred is determined based on whether the facts and circumstances indicate that the Company and Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services Executive would perform after such date (whether as an employee or as an independent contractor except as provided in the preceding paragraph) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor, except as provided in the preceding paragraph) over the immediately preceding thirty six (36) month period (or the full period of services to the Company if Executive has been providing services to the
Company less than thirty six (36) months).  For periods during which Executive is on a paid bona fide leave of absence and has not otherwise terminated employment as described above, for purposes of this paragraph Executive is treated as providing bona fide services at a level equal to the level of services that Executive would have been required to perform to receive the compensation paid with respect to such leave of absence.  Periods during which Executive is on an unpaid bona fide leave of absence and has not otherwise terminated employment are disregarded for purposes of this paragraph (including for purposes of determining the applicable thirty six (36) month (or shorter) period). </font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><u><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service with Related Companies</font></u><font size=2>.  For purposes of determining whether a Separation from Service has occurred under the above provisions, the &#147;Company&#148; shall include the Company and all Related Companies.  &#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 4 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level..</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section 414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 2.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Employment Period</font></u><font size=2>.  The term of this Agreement shall commence on the Effective Date and end on the third anniversary of such date (the &#147;Employment Period&#148;), subject to the termination provisions in Sections 4 and 5 herein.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 3.</font><u><font size=2>  Terms of Employment</font></u><font size=2>.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Position and Duties</font></i><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, (A) the Executive&#146;s position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 90day period immediately preceding the Effective Date and (B) the Executive&#146;s services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office which is the headquarters of the Company and is less than 35 miles from such location.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive&#146;s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive&#146;s
responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not hereafter be deemed to interfere with the performance of the Executive&#146;s responsibilities to the Company.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(b)</font></i></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Compensation.</font></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Base Salary</font></i><font size=2>.  During the Employment Period, the Executive shall receive an annual base salary (&#147;Annual Base Salary&#148;), which shall be paid in equal </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 5 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>installments on a monthly basis, at least equal to twelve times the highest monthly base salary paid or payable to the Executive by the Company and its affiliated companies in respect of the twelvemonth period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed at least annually and shall be increased at any time and from time to time as shall be substantially consistent with increases in base salary generally awarded in the ordinary course of business to other peer executives of the Company and its affiliated companies. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.
As used in this Agreement, the term &#147;affiliated companies&#148; shall include any company controlled by, controlling or under common control with the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Annual Bonus</font></i><font size=2>.  In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the &#147;Annual Bonus&#148;) in cash at least equal to the average bonus paid or payable, including by reason of any deferral, to the Executive (or, if the Executive has been employed by the Company for less than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) by the Company and its affiliated companies in respect of the three fiscal years immediately preceding the fiscal year in which the Effective Date occurs (the &#147;Recent Average Bonus&#148;).  Without limitation, for purposes of this
Agreement, the terms &#147;Annual Bonus&#148; and &#147;Recent Average Bonus&#148; shall be deemed to include amounts earned (whether or not paid) with respect to any applicable period under any Non-Equity Incentive Plan (as such term is defined in Item 402(a)(6)(iii) of Regulation S-K promulgated under the Exchange Act and the Securities Act of 1933, as amended, including any successor thereto).  Each such Annual Bonus shall be paid within 2 &#189; months following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect, pursuant to a plan of nonqualified deferred compensation adopted by the Company, if any, under which the Annual Bonus may be deferred, to defer the receipt of such Annual Bonus.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Special Bonus</font></i><font size=2>.   In addition to Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company and its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the &#147;Special Bonus&#148;) in recognition of the Executive&#146;s services during the crucial oneyear transition period following the Change of Control in cash equal to the sum of (A) the Executive&#146;s Annual Base Salary and (B) the greater of (1) the Annual Bonus paid or payable, including by reason of any deferral, to the Executive for the most recently completed fiscal year during the Employment Period, if any, and (2)&nbsp;the Recent Average Bonus (or, if the Executive has been employed by the Company for less
than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) (such greater amount </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 6 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>shall be hereinafter referred to as the &#147;Highest Annual Bonus&#148;). The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Incentive, Savings and Retirement Plans</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as
in effect at any time during the 90-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Welfare Benefit Plans</font></i><font size=2>.  During the Employment Period, the Executive and/or the Executive&#146;s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices, policies
and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Expenses</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vii)</font><i><font size=2>  </font></i><font size=2>&nbsp;&nbsp;</font><i><font size=2>Fringe Benefits</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to fringe benefits no less favorable, in the aggregate, than the plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 7 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(viii)</font><i><font size=2>  </font></i><font size=2>&nbsp;</font><i><font size=2>Office and Support Staff.</font></i><font size=2>  During the Employment Period, the Executive shall be entitled to an office or offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and its affiliated companies at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Vacation</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Termination of Employment</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death or Disability</font></i><font size=2>.  The Executive&#146;s employment shall terminate automatically upon the Executive&#146;s death during the Employment Period.  If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 10(b) of its intention to terminate the Executive&#146;s employment. In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the &#147;Disability Effective Date&#148;), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive&#146;s
duties. For purposes of this Agreement, &#147;Disability&#148; shall mean the Executive is:  (1) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12 )months; or (2) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause</font></i><font size=2>.   The Company may terminate the Executive&#146;s employment during the Employment Period for Cause. For purposes of this Agreement, &#147;Cause&#148; occurs when the Executive does any of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is convicted of a felony involving moral turpitude under federal, state or local law;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)  &nbsp;&nbsp;&nbsp;&nbsp;materially breaches the Executive&#146;s obligations under Section 3(a) (other than as a result of incapacity due to physical or mental illness) that is demonstrably </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 8 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>willful and deliberate on the Executive&#146;s part, that is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and that is not remedied in a reasonable period of time after receipt of written notice from the Company specifying such breach); and/or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.5%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)  &nbsp;&nbsp;&nbsp;is convicted of any applicable local, state or federal law or Company policy related to discrimination or harassment.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason; Window Period</font></i><font size=2>. The Executive&#146;s employment may be terminated (i) during the Employment Period by the Executive for Good Reason or (ii) during the Window Period by the Executive without any reason. For purposes of this Agreement, the &#147;Window Period&#148; shall mean the 90-day period immediately following the first anniversary of the Effective Date. For purposes of this Agreement, &#147;Good Reason&#148; shall mean:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assignment to the Executive of any duties inconsistent in any respect with the Executive&#146;s position (including status, offices, titles and reporting requirement), authority, duties or responsibilities as contemplated by Section 3(a) or any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with any of the provisions of Section 3(b), other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&#146;s requiring the Executive to be based at any office or location other than that described in Section 3(a) (i) (B);</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any purported termination by the Company of the Executive&#146;s employment otherwise than as expressly permitted by this Agreement; or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with and satisfy Section 9(c), provided that such successor has received at least ten days&#146; prior written notice from the Company or the Executive of the requirements of Section 9(c).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>For purposes of this Section 4(c), any good faith determination of &#147;Good Reason&#148; made by the Executive shall be conclusive.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Notice of Termination</font></i><font size=2>.  Any termination by the Company for Cause, or by the Executive without any reason during the Window Period or for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 10(b). For purposes of this Agreement, a &#147;Notice of Termination&#148; means a written notice which (i) indicates the specific termination provision in this Agreement </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 9 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>relied upon, (ii) to the extent applicable sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date of such notice. The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the Executive&#146;s or the Company&#146;s rights hereunder.  Executive shall be required to provide notice to the Company of the existence of any condition that constitutes Good Reason within 90 days of the initial
existence of the condition, and upon the receipt of such notice the Company shall have a period of 30 days during which it may remedy the condition.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.5%;text-align:justify;'><font size=2> (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Date of Termination</font></i><font size=2>.  &#147;Date of Termination&#148; means the date the Executive experiences a Separation from Service. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Obligations of the Company upon Termination</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason or during the Window Period; Other than for Cause, Death or Disability</font></i><font size=2>.  If, during the Employment Period, the Company shall terminate the Executive&#146;s employment other than for Cause or Disability or the Executive shall terminate employment either for Good Reason or without any reason during the Window Period:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of (1) the Executive&#146;s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Highest Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (3) the Special Bonus, if due to the Executive pursuant to Section 3(b)(iii), to the extent not theretofore paid, and (4) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter referred to as the &#147;Accrued Obligations&#148;); and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount (such amount shall be hereinafter referred to as the &#147;Severance Amount&#148;) equal to the product of (1) 2.99 and (2) the sum of (x) the Executive&#146;s Annual Base Salary and (y) the Highest Annual Bonus; provided, however, that if the Special Bonus has not been paid to the Executive, such amount shall be increased by the amount of the Special Bonus; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a separate lump-sum supplemental retirement benefit (the amount of such benefit shall be hereinafter referred to as the &#147;Supplemental Retirement Amount&#148;) equal to the difference between (1) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Company&#146;s </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 10 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Retirement Plan (or any successor plan thereto) (the &#147;Retirement Plan&#148;) during the 90day period immediately preceding the Effective Date) of the benefit payable under the Retirement Plan and any supplemental and/or excess retirement plan of the Company and its affiliated companies providing benefits for the Executive (the &#147;SERP&#148;) which the Executive would receive if the Executive&#146;s employment continued at the compensation level provided for in Sections 3(b)(i) and 3(b)(ii) for the remainder of the Employment Period, assuming for this purpose that all accrued benefits are fully vested and that benefit accrual formulas are no less advantageous to the Executive than those in effect during the 90day period immediately preceding the Effective Date, and (2) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Retirement Plan
during the 90day period immediately preceding the Effective Date) of the Executive&#146;s actual benefit (paid or payable), if any, under the Retirement Plan and the SERP; and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the remainder of the Employment Period, or such longer period as any plan, program, practice or policy may provide, the Company shall continue benefits other than health and dental benefits to the Executive and/or the Executive&#146;s family at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated (such continuation of benefits and the continuation of health and dental benefits pursuant to Section 5(a)(iii), in each case for the applicable period set forth, shall be hereinafter referred to as &#147;Welfare Benefit Continuation&#148;); and</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during the Employment Period and continuing thereafter until the date the Executive becomes eligible for Medicare, the Company shall provide health and dental benefits for the Executive (and the Executive&#146;s spouse and dependents if desired by the Executive and if the spouse does not have any health benefits through a current or former employer), at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated, and for the same cost to Employee that would have applied under Section 3(b)(v) if the Executive&#146;s employment had not been terminated.  If the Executive becomes re-employed with another employer and is eligible to receive health and dental benefits under another
employer-provided plan, the health and dental benefits described herein shall be secondary to those provided under such other plan.  For purposes of determining eligibility of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the end of the Employment Period and to have retired on the last day of such period.  Such benefits may be provided through a group health plan or through one or more individual insurance policies.  In addition, The Company shall pay to the Executive a &#147;Tax Gross Up.&#148;  &#147;Tax Gross Up&#148; means an additional amount (the &#147;Additional Payment&#148;) such that the cost of any coverage and benefits provided pursuant to this Section 5(a)(iii), after deduction of any Tax and Expenses related thereto (as defined below) and Tax and Expenses imposed upon the Additional Payment, does not exceed the amount set forth above in this Section 5(a)(iii).
 The term &#147;Tax and Expenses&#148; means any federal, state </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 11 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>and local income and employment tax, together with any interest or penalties imposed with respect to such taxes.  The Company shall pay the applicable Additional Payment as and when the Tax and Expenses are incurred, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise paid or provided, the Company shall timely pay or provide to the Executive and/or the Executive&#146;s family any other amounts or benefits pursuant to the terms of any plan, program, policy or practice or contract or agreement of the Company and its affiliated companies as in effect and applicable generally to other peer executives of the Company and its affiliated companies and their families during the 90day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally thereafter with respect to other peer executives of the Company and its affiliated companies and their families (such other amounts and benefits shall be hereinafter referred to as the &#147;Other Benefits&#148;).</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise provided for herein, all options, warrants or other rights to acquire capital stock of the Company and any stock appreciation rights plan or other similar plan benefits held by or for the benefit of the Executive shall become fully vested and eligible for immediate exercise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, if the Executive is a &#147;specified employee&#148; (determined in accordance with Code Section 409A and Treasury Regulation Section 1.409A-3(i)(2)) as of the date of Separation from Service (other than a Separation from Service due to death), then any payment, benefit or entitlement provided for in this Agreement that is payable during the first six months following the date of Separation from Service shall be paid or provided to the Executive in a lump sum cash payment to be made on the earlier of (a) the Executive&#146;s death or (b) the first business day (or within 30 days after such first business day) of the seventh calendar month immediately following the month in which the date of Separation from Service occurs.  If any payment is delayed pursuant to this provision, the
Company shall pay interest at the rate described below on the postponed payments from the date the payment would have been due but for this provision to the date on which such amounts are paid.  Interest shall be credited at an annual rate equal to the greater of 6% or the Prime Rate, as determined by the Company, in effect on the first day of such delay compounded annually.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment is terminated by reason of the Executive&#146;s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive&#146;s legal representatives under this Agreement, other than for (i) payment of Accrued Obligations (which shall be paid to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits (excluding, in each case, Death Benefits (as defined below)) and (ii) payment to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination of an amount
equal to the greater of (A) the sum of the Severance Amount and the Supplemental Retirement Amount and (B) the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 12 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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</DIV>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>present value (determined as provided in Section 280G(d)(4) of the Code) of any cash amount to be received by the Executive or the Executive&#146;s family as a death benefit pursuant to the terms of any plan, policy or arrangement of the Company and its affiliated companies, but not including any proceeds of life insurance covering the Executive to the extent paid for directly or on a contributory basis by the Executive (which shall be paid in any event as an Other Benefit) (the benefits included in this clause (B) shall be hereinafter referred to as the &#147;Death Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Disability</font></i><font size=2>.  If the Executive becomes Disabled during the Employment Period, the Company&#146;s only obligation to the Executive will be (i) payment of Accrued Obligations (which shall be paid to the Executive in a lump sum in cash within 30 days of the Date of disability) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits and (ii) payment to the Executive in a lump sum in cash within 30 days following the Date of Disability of an amount equal to the sum of the Severance Amount and the Supplemental Retirement Amount.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause; Other than for Good Reason</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive Annual Base Salary through the Date of Termination to the extent theretofore unpaid. If the Executive terminates employment during the Employment Period, excluding a termination either for Good Reason or without any reason during the Window Period, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in
cash within 30 days of the Date of Termination.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Non-exclusivity of Rights</font></i><font size=2>.  Except as provided in Sections 5(a)(ii), 5(b) and 5(c), nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future participation in any plan, program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor shall anything herein limit or otherwise affect any rights the Executive may have under any contract or agreement with the Company or any of its affiliated companies. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in accordance with such plan,
policy, practice or program or contract or agreement except as explicitly modified by this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 6.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Full Settlement; Resolution of Disputes</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 13 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>amounts payable to the Executive under any of the provisions of this Agreement and, except as provided in Section 5(a)(ii), such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay promptly as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided that the Executive takes and maintains his position in good faith; plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there shall be any dispute between the Company and the Executive (i) in the event of any termination of the Executive&#146;s employment by the Company, whether such termination was for Cause, or (ii) in the event of any termination of employment by the Executive, whether Good Reason existed, then, unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that such termination was for Cause or that the determination by the Executive of the existence of Good Reason was not made in good faith, the Company shall pay all amounts, and provide all benefits, to the Executive and/or the Executive&#146;s family or other beneficiaries, as the case may be, that the Company would be required to pay or provide pursuant to Section 5(a) as though such termination were by the Company without Cause, or by the
Executive with Good Reason; provided, however, that the Company shall not be required to pay any disputed amount pursuant to this paragraph except upon receipt of an undertaking by or on behalf of the Executive to repay all such amounts to which the Executive is ultimately adjudged by such court not to be entitled.  If the Executive has maintained his or her position in the dispute in good faith (in the sole opinion of the court, which for this purpose shall include any mediator or arbitrator, if the dispute is settled through mediation or arbitration), the Company shall reimburse the Executive for any attorneys&#146; fees and expenses incurred by the Executive with respect to such dispute related to this Agreement, and including any actions taken by either party to appeal or enforce the judgment rendered therein.  Such reimbursement shall be made by direct payment to the Executive upon delivery to the Company of valid invoices and/or receipts relating to such attorneys&#146; fees
and expenses.  </font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 7.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Additional Payments by the Company</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that it shall be determined that any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a &#147;Payment&#148;), would constitute an &#147;excess parachute payment&#148; within the meaning of Section 280G of the Code, the Company shall pay to the Executive an additional amount (the &#147;Additional Payment&#148;) such that the net amount retained by the Executive after deduction of any Excise Tax and Expenses (as defined below), and any federal, state and local income tax, employment tax (&#147;Other Taxes&#148;) and Excise Tax and Expenses imposed upon the Additional Payment, shall be equal to the Payment.  The term
&#147;Excise Tax and Expenses&#148; means the excise tax </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 14 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All determinations to be made under this Section 7 shall be made by an independent registered public accounting firm selected by the Company immediately prior to the Change of Control (the &#147;Accounting Firm&#148;), which shall provide its determinations and any supporting calculations both to the Company and the Employee within ten (10) days of the Change of Control.  Any such determination by the Accounting Firm shall be binding upon the Company and the Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay the applicable Additional Payment as and when the Excise Tax and Expenses are incurred on a Payment, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.  If the amount of an Additional Payment cannot be fully determined by the date on which the applicable portion of the Payment becomes subject to the Excise Tax and Expenses (&#147;Payment Date&#148;), the Company shall pay to the Employee by the Payment Date an estimate of such Additional Payment, as determined by the Accounting Firm, and the Company shall pay to the Employee (or the Employee shall pay to the Company) any difference between the estimated payment and the actual Additional Payment due hereunder (if any) as soon as the amount can be determined, but in no event later than
twenty (20) days before Employee is obligated to remit the Excise Tax and Expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section shall be borne solely by the Company.  The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to this Section, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;give the Company any information reasonably requested by the Company relating to such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 15 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii) &nbsp;&nbsp;&nbsp;&nbsp;cooperate with the Company in good faith in order effectively to contest such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the Company to participate in any proceedings relating to such claim; and</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(v)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>agree to extend any statute of limitations;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an aftertax basis, for any Excise Tax and Expenses and Other Taxes imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 7(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an aftertax basis, from any Excise Tax and Expenses and Other Taxes imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company&#146;s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company&#146;s complying with the requirements of Section 7(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 16 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 8.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Confidential Information</font></u><font size=2>. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive&#146;s employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive&#146;s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone
other than the Company and those designated by it.  In no event shall an asserted violation of the provisions of this Section 8 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 9.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Successors</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive&#146;s legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, &#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 10.  </font><u><font size=2>Miscellaneous</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 17 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Executive:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Gene H. Anderson</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Company:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Chairman of the Board of Directors</font><i></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may withhold from any amounts payable under this Agreement such Federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s or the Company&#146;s failure to insist upon strict compliance with any provision hereof or any other provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason pursuant to Section 4(c)(i)-(v), shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the Executive by the Company is &#147;at will&#148; and, prior to the Effective Date, may be terminated by either the Executive or the Company at any time. Moreover, if prior to the Effective Date, the Executive&#146;s employment with the Company terminates, then the Executive shall have no further rights under this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments under this Agreement shall be in lieu of payment under any other separation pay plan or arrangement for which the Executive may otherwise be eligible.  Notwithstanding the terms of any such other separation pay plan or arrangement, the Executive agrees that he shall not be eligible for any benefits thereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any reimbursements, gross-ups or in-kind benefits to be provided pursuant to this Agreement (including but not limited to Sections 3(b)(v), 3(b)(vi), </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 18 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>3(b)(vii), 5(a)(iii), 6, and 7) that are taxable to Executive shall be subject to the following restrictions:  (a) each reimbursement or gross-up must be paid no later than the last day of the calendar year following the Executive&#146;s tax year during which the expense was incurred or tax was remitted, as the case may be; (b) the amount of expenses or taxes eligible for reimbursement, or in kind benefits or gross-ups provided, during a tax year of the Executive may not affect the expenses or taxes eligible for reimbursement, or in-kind benefits or gross-ups to be provided, in any other tax year of the Executive; (c) the period during which any reimbursement or gross-up ay be paid or in-kind benefit may be provided is the later of ten years after termination of this Agreement or in the case of reimbursements or gross-ups related to any Excise Tax and Expenses, the expiration of all applicable statutes of
limitation for the collection of such Excise Tax and Expenses; and (d) the right to reimbursement, gross-up or in-kind benefits is not subject to liquidation or exchange for another benefit.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 11.  </font><u><font size=2>Termination of Previous Executive Supplemental Employment Agreement</font></u><font size=2>.  Each of the parties hereto agrees that the Executive Supplemental Employment Agreement between the Company and the Executive, dated as of December 12, 1999 (the &#147;Prior Agreement&#148;), has been terminated concurrently with the execution of this Agreement and that none of the provisions of the Prior Agreement shall be deemed to survive the execution of this Agreement in any respect.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 19 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.11</font></p>

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<font size=2>IN WITNESS WHEREOF, the Executive has hereunto set the Executive&#146;s hand and, pursuant to the authorization from its Board of Directors, the Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>EXECUTIVE:</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Gene H. Anderson</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:41.67%;text-align:justify;'><font size=2>Gene H. Anderson</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Edward J. Fritsch</font></u></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>President and Chief Executive Officer</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 20 -</font></A></p> </td> </tr></table>
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<TYPE>EX-10
<SEQUENCE>11
<FILENAME>exh10_12jmcontract.htm
<DESCRIPTION>EX 10.12 AMENDED AND RESTATED EXEC SUPPLEMENTAL EMP AGREEMENT
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.gif"><br> <B><font SIZE=2>AMENDED AND RESTATED</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXECUTIVE SUPPLEMENTAL EMPLOYMENT AGREEMENT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>AMENDED AND RESTATED AGREEMENT by and between HIGHWOODS PROPERTIES, INC., a Maryland corporation (the &#147;Company&#148;), and Jeffrey D. Miller (the &#147;Executive&#148;), effective as of April 13, 2007.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>The Board of Directors of the Company (the &#147;Board&#148;), has determined that it is in the best interests of the Company and its stockholders to ensure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined in Section 1) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive&#146;s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and
which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Definitions</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Effective Date&#148; shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive&#146;s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i)&nbsp;was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control or (ii)&nbsp;otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the &#147;Effective Date&#148; shall mean the date immediately prior to the date of such termination of employment.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The &#147;Change of Control Period&#148; shall mean the period commencing on the date hereof and ending on the third anniversary of such date; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the &#147;Renewal Date&#148;), the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 1 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>For purposes of this Agreement, a &#147;Change of Control&#148; shall mean:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) (a &#147;Person&#148;) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (a) the then outstanding shares of common stock of the Company (the &#147;Outstanding Company Common Stock&#148;) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the &#147;Outstanding Company Voting Securities&#148;); provided, however, that the following acquisitions shall not constitute a Change of Control: (I) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a
conversion privilege), (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (IV) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (I), (II) and (III) of subsection (i) of this Section 1(c) are satisfied; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Individuals who, as of the date hereof, constitute the Board (the &#147;Incumbent Board&#148;) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company&#146;s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (a) more than 60% of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions, as their ownership, immediately prior to such
reorganization, merger or consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (b) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 2 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>reorganization, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (c) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of (a) a complete liquidation or dissolution of the Company or (b) the sale or other disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following such sale or other disposition, (I) more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same
proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (II) no Person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (III) at least a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such sale or other disposition of assets of the Company.</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Separation from Service, &#147;Termination of Employment,&#148; &#147;Terminates Employment&#148;</font></u><font size=2> and similar terms mean the date that Executive separated from service within the meaning of section 409A of the Code.  Generally, Executive will separate from service if the Executive dies, retires, or otherwise has a Separation from Service with the Company, determined in accordance with the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Leaves of Absence</font></u><font size=2>.  The employment relationship is treated as continuing intact while Executive is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or, if longer, so long as Executive retains a right to reemployment with the Company under an applicable statute or by contract.  A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 3 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Company.  If the period of leave exceeds six (6) months and Executive does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six (6)-month period.  Notwithstanding the foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes Executive to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a twenty-nine (29)-month period of absence shall be substituted for such six (6)-month period. </font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Dual Status</font></u><font size=2>.  Generally if Executive performs services both as an employee and an independent contractor, Executive must separate from service both as an employee, and as an independent contractor pursuant to standards set forth in the Treasury Regulations, to be treated as having a Separation from Service.  However, if Executive provides services to the Company as an employee and as a member of the Board, and if any plan in which such person participates as a Board member is not aggregated with this Agreement pursuant to Treasury Regulation Section 1.409A-1(c)(2)(ii), then the services provided as a director are not taken into account in determining whether Executive has a Separation from Service as an employee for purposes of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Separation from Service</font></u><font size=2>.  Whether a Separation from Service has occurred is determined based on whether the facts and circumstances indicate that the Company and Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services Executive would perform after such date (whether as an employee or as an independent contractor except as provided in the preceding paragraph) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor, except as provided in the preceding paragraph) over the immediately preceding thirty six (36) month period (or the full period of
services to the Company if Executive has been providing services to the Company less than thirty six (36) months).  For periods during which Executive is on a paid bona fide leave of absence and has not otherwise terminated employment as described above, for purposes of this paragraph Executive is treated as providing bona fide services at a level equal to the level of services that Executive would have been required to perform to receive the compensation paid with respect to such leave of absence.  Periods during which Executive is on an unpaid bona fide leave of absence and has not otherwise terminated employment are disregarded for purposes of this paragraph (including for purposes of determining the applicable thirty six (36) month (or shorter) period). </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><u><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service with Related Companies</font></u><font size=2>.  For purposes of determining whether a Separation from Service has occurred under the above provisions, the &#147;Company&#148; shall include the Company and all Related Companies.  &#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 4 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level..</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;</font><u><font size=2>Related Company</font></u><font size=2>&#148; means:  (1) any corporation that is a member of a controlled group of corporations (as defined in Code Section 414(b) that includes the Company); and (ii) any trade or business (whether or not incorporated) that is under common control (as defined in Code Section 414(c) with the Company.  For purposes of applying Code Sections 414(b) and (c), 50% is substituted for the 80% ownership level.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 2.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Employment Period</font></u><font size=2>.  The term of this Agreement shall commence on the Effective Date and end on the third anniversary of such date (the &#147;Employment Period&#148;), subject to the termination provisions in Sections 4 and 5 herein.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 3.</font><u><font size=2>  Terms of Employment</font></u><font size=2>.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Position and Duties</font></i><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, (A) the Executive&#146;s position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 90day period immediately preceding the Effective Date and (B) the Executive&#146;s services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office which is the headquarters of the Company and is less than 35 miles from such location.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive&#146;s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive&#146;s
responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not hereafter be deemed to interfere with the performance of the Executive&#146;s responsibilities to the Company.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(b)</font></i></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><i><font size=2>Compensation.</font></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Base Salary</font></i><font size=2>.  During the Employment Period, the Executive shall receive an annual base salary (&#147;Annual Base Salary&#148;), which shall be paid in equal </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 5 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>installments on a monthly basis, at least equal to twelve times the highest monthly base salary paid or payable to the Executive by the Company and its affiliated companies in respect of the twelvemonth period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed at least annually and shall be increased at any time and from time to time as shall be substantially consistent with increases in base salary generally awarded in the ordinary course of business to other peer executives of the Company and its affiliated companies. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased.
As used in this Agreement, the term &#147;affiliated companies&#148; shall include any company controlled by, controlling or under common control with the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Annual Bonus</font></i><font size=2>.  In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the &#147;Annual Bonus&#148;) in cash at least equal to the average bonus paid or payable, including by reason of any deferral, to the Executive (or, if the Executive has been employed by the Company for less than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) by the Company and its affiliated companies in respect of the three fiscal years immediately preceding the fiscal year in which the Effective Date occurs (the &#147;Recent Average Bonus&#148;).  Without limitation, for purposes of this
Agreement, the terms &#147;Annual Bonus&#148; and &#147;Recent Average Bonus&#148; shall be deemed to include amounts earned (whether or not paid) with respect to any applicable period under any Non-Equity Incentive Plan (as such term is defined in Item 402(a)(6)(iii) of Regulation S-K promulgated under the Exchange Act and the Securities Act of 1933, as amended, including any successor thereto).  Each such Annual Bonus shall be paid within 2 &#189; months following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect, pursuant to a plan of nonqualified deferred compensation adopted by the Company, if any, under which the Annual Bonus may be deferred, to defer the receipt of such Annual Bonus.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Special Bonus</font></i><font size=2>.   In addition to Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company and its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the &#147;Special Bonus&#148;) in recognition of the Executive&#146;s services during the crucial oneyear transition period following the Change of Control in cash equal to the sum of (A) the Executive&#146;s Annual Base Salary and (B) the greater of (1) the Annual Bonus paid or payable, including by reason of any deferral, to the Executive for the most recently completed fiscal year during the Employment Period, if any, and (2)&nbsp;the Recent Average Bonus (or, if the Executive has been employed by the Company for less
than three full fiscal years, then the average bonus paid or payable to the executive officer who was employed by the Company in a similar capacity as the Executive during such three full fiscal years) (such greater amount </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 6 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>shall be hereinafter referred to as the &#147;Highest Annual Bonus&#148;). The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Incentive, Savings and Retirement Plans</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as
in effect at any time during the 90-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Welfare Benefit Plans</font></i><font size=2>.  During the Employment Period, the Executive and/or the Executive&#146;s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices,
policies and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Expenses</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vii)</font><i><font size=2>  </font></i><font size=2>&nbsp;&nbsp;</font><i><font size=2>Fringe Benefits</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to fringe benefits no less favorable, in the aggregate, than the plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date, or if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 7 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(viii)</font><i><font size=2>  </font></i><font size=2>&nbsp;</font><i><font size=2>Office and Support Staff.</font></i><font size=2>  During the Employment Period, the Executive shall be entitled to an office or offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and its affiliated companies at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Vacation</font></i><font size=2>.  During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Termination of Employment</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death or Disability</font></i><font size=2>.  The Executive&#146;s employment shall terminate automatically upon the Executive&#146;s death during the Employment Period.  If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 10(b) of its intention to terminate the Executive&#146;s employment. In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the &#147;Disability Effective Date&#148;), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive&#146;s
duties. For purposes of this Agreement, &#147;Disability&#148; shall mean the Executive is:  (1) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12 )months; or (2) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause</font></i><font size=2>.   The Company may terminate the Executive&#146;s employment during the Employment Period for Cause. For purposes of this Agreement, &#147;Cause&#148; occurs when the Executive does any of the following:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is convicted of a felony involving moral turpitude under federal, state or local law;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.67%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)  &nbsp;&nbsp;&nbsp;&nbsp;materially breaches the Executive&#146;s obligations under Section 3(a) (other than as a result of incapacity due to physical or mental illness) that is demonstrably </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 8 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>willful and deliberate on the Executive&#146;s part, that is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and that is not remedied in a reasonable period of time after receipt of written notice from the Company specifying such breach); and/or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.5%;text-align:justify;'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)  &nbsp;&nbsp;&nbsp;is convicted of any applicable local, state or federal law or Company policy related to discrimination or harassment.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason; Window Period</font></i><font size=2>. The Executive&#146;s employment may be terminated (i) during the Employment Period by the Executive for Good Reason or (ii) during the Window Period by the Executive without any reason. For purposes of this Agreement, the &#147;Window Period&#148; shall mean the 90-day period immediately following the first anniversary of the Effective Date. For purposes of this Agreement, &#147;Good Reason&#148; shall mean:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assignment to the Executive of any duties inconsistent in any respect with the Executive&#146;s position (including status, offices, titles and reporting requirement), authority, duties or responsibilities as contemplated by Section 3(a) or any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with any of the provisions of Section 3(b), other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&#146;s requiring the Executive to be based at any office or location other than that described in Section 3(a) (i) (B);</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any purported termination by the Company of the Executive&#146;s employment otherwise than as expressly permitted by this Agreement; or</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure by the Company to comply with and satisfy Section 9(c), provided that such successor has received at least ten days&#146; prior written notice from the Company or the Executive of the requirements of Section 9(c).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>For purposes of this Section 4(c), any good faith determination of &#147;Good Reason&#148; made by the Executive shall be conclusive.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Notice of Termination</font></i><font size=2>.  Any termination by the Company for Cause, or by the Executive without any reason during the Window Period or for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 10(b). For purposes of this Agreement, a &#147;Notice of Termination&#148; means a written notice which (i) indicates the specific termination provision in this Agreement </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 9 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>relied upon, (ii) to the extent applicable sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date of such notice. The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the Executive&#146;s or the Company&#146;s rights hereunder.  Executive shall be required to provide notice to the Company of the existence of any condition that constitutes Good Reason within 90 days of the initial
existence of the condition, and upon the receipt of such notice the Company shall have a period of 30 days during which it may remedy the condition.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:9.5%;text-align:justify;'><font size=2> (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Date of Termination</font></i><font size=2>.  &#147;Date of Termination&#148; means the date the Executive experiences a Separation from Service. </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Obligations of the Company upon Termination</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Good Reason or during the Window Period; Other than for Cause, Death or Disability</font></i><font size=2>.  If, during the Employment Period, the Company shall terminate the Executive&#146;s employment other than for Cause or Disability or the Executive shall terminate employment either for Good Reason or without any reason during the Window Period:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of (1) the Executive&#146;s Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Highest Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (3) the Special Bonus, if due to the Executive pursuant to Section 3(b)(iii), to the extent not theretofore paid, and (4) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter referred to as the &#147;Accrued Obligations&#148;); and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount (such amount shall be hereinafter referred to as the &#147;Severance Amount&#148;) equal to the product of (1) 2.99 and (2) the sum of (x) the Executive&#146;s Annual Base Salary and (y) the Highest Annual Bonus; provided, however, that if the Special Bonus has not been paid to the Executive, such amount shall be increased by the amount of the Special Bonus; and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:25%;text-align:justify;'><font size=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a separate lump-sum supplemental retirement benefit (the amount of such benefit shall be hereinafter referred to as the &#147;Supplemental Retirement Amount&#148;) equal to the difference between (1) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Company&#146;s </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 10 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Retirement Plan (or any successor plan thereto) (the &#147;Retirement Plan&#148;) during the 90day period immediately preceding the Effective Date) of the benefit payable under the Retirement Plan and any supplemental and/or excess retirement plan of the Company and its affiliated companies providing benefits for the Executive (the &#147;SERP&#148;) which the Executive would receive if the Executive&#146;s employment continued at the compensation level provided for in Sections 3(b)(i) and 3(b)(ii) for the remainder of the Employment Period, assuming for this purpose that all accrued benefits are fully vested and that benefit accrual formulas are no less advantageous to the Executive than those in effect during the 90day period immediately preceding the Effective Date, and (2) the lump sum actuarial equivalent (utilizing for this purpose the actuarial assumptions utilized with respect to the Retirement Plan
during the 90day period immediately preceding the Effective Date) of the Executive&#146;s actual benefit (paid or payable), if any, under the Retirement Plan and the SERP; and</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the remainder of the Employment Period, or such longer period as any plan, program, practice or policy may provide, the Company shall continue benefits other than health and dental benefits to the Executive and/or the Executive&#146;s family at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated (such continuation of benefits and the continuation of health and dental benefits pursuant to Section 5(a)(iii), in each case for the applicable period set forth, shall be hereinafter referred to as &#147;Welfare Benefit Continuation&#148;); and</font></p>

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<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during the Employment Period, the Company shall provide health and dental benefits for the Executive (and the Executive&#146;s spouse and dependents if desired by the Executive and if the spouse does not have any health benefits through a current or former employer), at least equal in the aggregate to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 3(b)(v) if the Executive&#146;s employment had not been terminated, and for the same cost to Employee that would have applied under Section 3(b)(v) if the Executive&#146;s employment had not been terminated.  If the Executive becomes re-employed with another employer and is eligible to receive health and dental benefits under another employer-provided plan, the health and dental benefits described herein shall be secondary to
those provided under such other plan.  For purposes of determining eligibility of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the end of the Employment Period and to have retired on the last day of such period.  Such benefits may be provided through a group health plan or through one or more individual insurance policies.  In addition, The Company shall pay to the Executive a &#147;Tax Gross Up.&#148;  &#147;Tax Gross Up&#148; means an additional amount (the &#147;Additional Payment&#148;) such that the cost of any coverage and benefits provided pursuant to this Section 5(a)(iii), after deduction of any Tax and Expenses related thereto (as defined below) and Tax and Expenses imposed upon the Additional Payment, does not exceed the amount set forth above in this Section 5(a)(iii).  The term &#147;Tax and Expenses&#148; means any federal, state and local income and
employment tax, together with any interest or penalties imposed </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 11 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:justify;'><font size=2>with respect to such taxes.  The Company shall pay the applicable Additional Payment as and when the Tax and Expenses are incurred, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise paid or provided, the Company shall timely pay or provide to the Executive and/or the Executive&#146;s family any other amounts or benefits pursuant to the terms of any plan, program, policy or practice or contract or agreement of the Company and its affiliated companies as in effect and applicable generally to other peer executives of the Company and its affiliated companies and their families during the 90day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally thereafter with respect to other peer executives of the Company and its affiliated companies and their families (such other amounts and benefits shall be hereinafter referred to as the &#147;Other Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to the extent not otherwise provided for herein, all options, warrants or other rights to acquire capital stock of the Company and any stock appreciation rights plan or other similar plan benefits held by or for the benefit of the Executive shall become fully vested and eligible for immediate exercise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, if the Executive is a &#147;specified employee&#148; (determined in accordance with Code Section 409A and Treasury Regulation Section 1.409A-3(i)(2)) as of the date of Separation from Service (other than a Separation from Service due to death), then any payment, benefit or entitlement provided for in this Agreement that is payable during the first six months following the date of Separation from Service shall be paid or provided to the Executive in a lump sum cash payment to be made on the earlier of (a) the Executive&#146;s death or (b) the first business day (or within 30 days after such first business day) of the seventh calendar month immediately following the month in which the date of Separation from Service occurs.  If any payment is delayed pursuant to this provision, the
Company shall pay interest at the rate described below on the postponed payments from the date the payment would have been due but for this provision to the date on which such amounts are paid.  Interest shall be credited at an annual rate equal to the greater of 6% or the Prime Rate, as determined by the Company, in effect on the first day of such delay compounded annually.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Death</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment is terminated by reason of the Executive&#146;s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive&#146;s legal representatives under this Agreement, other than for (i) payment of Accrued Obligations (which shall be paid to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits (excluding, in each case, Death Benefits (as defined below)) and (ii) payment to the Executive&#146;s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination of an amount
equal to the greater of (A) the sum of the Severance Amount and the Supplemental Retirement Amount and (B) the present value (determined as provided in Section 280G(d)(4) of the Code) of any cash </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 12 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>amount to be received by the Executive or the Executive&#146;s family as a death benefit pursuant to the terms of any plan, policy or arrangement of the Company and its affiliated companies, but not including any proceeds of life insurance covering the Executive to the extent paid for directly or on a contributory basis by the Executive (which shall be paid in any event as an Other Benefit) (the benefits included in this clause (B) shall be hereinafter referred to as the &#147;Death Benefits&#148;).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Disability</font></i><font size=2>.  If the Executive becomes Disabled during the Employment Period, the Company&#146;s only obligation to the Executive will be (i) payment of Accrued Obligations (which shall be paid to the Executive in a lump sum in cash within 30 days of the Date of disability) and the timely payment or provision of the Welfare Benefit Continuation and Other Benefits and (ii) payment to the Executive in a lump sum in cash within 30 days following the Date of Disability of an amount equal to the sum of the Severance Amount and the Supplemental Retirement Amount.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Cause; Other than for Good Reason</font></i><font size=2>. </font><i><font size=2> </font></i><font size=2>If the Executive&#146;s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive Annual Base Salary through the Date of Termination to the extent theretofore unpaid. If the Executive terminates employment during the Employment Period, excluding a termination either for Good Reason or without any reason during the Window Period, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in
cash within 30 days of the Date of Termination.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size=2>Non-exclusivity of Rights</font></i><font size=2>.  Except as provided in Sections 5(a)(ii), 5(b) and 5(c), nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future participation in any plan, program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor shall anything herein limit or otherwise affect any rights the Executive may have under any contract or agreement with the Company or any of its affiliated companies. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in accordance with such plan,
policy, practice or program or contract or agreement except as explicitly modified by this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 6.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Full Settlement; Resolution of Disputes</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and, </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 13 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>except as provided in Section 5(a)(ii), such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay promptly as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided that the Executive takes and maintains his position in good faith; plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there shall be any dispute between the Company and the Executive (i) in the event of any termination of the Executive&#146;s employment by the Company, whether such termination was for Cause, or (ii) in the event of any termination of employment by the Executive, whether Good Reason existed, then, unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that such termination was for Cause or that the determination by the Executive of the existence of Good Reason was not made in good faith, the Company shall pay all amounts, and provide all benefits, to the Executive and/or the Executive&#146;s family or other beneficiaries, as the case may be, that the Company would be required to pay or provide pursuant to Section 5(a) as though such termination were by the Company without Cause, or by the
Executive with Good Reason; provided, however, that the Company shall not be required to pay any disputed amount pursuant to this paragraph except upon receipt of an undertaking by or on behalf of the Executive to repay all such amounts to which the Executive is ultimately adjudged by such court not to be entitled.  If the Executive has maintained his or her position in the dispute in good faith (in the sole opinion of the court, which for this purpose shall include any mediator or arbitrator, if the dispute is settled through mediation or arbitration), the Company shall reimburse the Executive for any attorneys&#146; fees and expenses incurred by the Executive with respect to such dispute related to this Agreement, and including any actions taken by either party to appeal or enforce the judgment rendered therein.  Such reimbursement shall be made by direct payment to the Executive upon delivery to the Company of valid invoices and/or receipts relating to such attorneys&#146; fees
and expenses.  </font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 7.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Certain Additional Payments by the Company</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that it shall be determined that any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a &#147;Payment&#148;), would constitute an &#147;excess parachute payment&#148; within the meaning of Section 280G of the Code, the Company shall pay to the Executive an additional amount (the &#147;Additional Payment&#148;) such that the net amount retained by the Executive after deduction of any Excise Tax and Expenses (as defined below), and any federal, state and local income tax, employment tax (&#147;Other Taxes&#148;) and Excise Tax and Expenses imposed upon the Additional Payment, shall be equal to the Payment.  The term
&#147;Excise Tax and Expenses&#148; means the excise tax </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 14 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All determinations to be made under this Section 7 shall be made by an independent registered public accounting firm selected by the Company immediately prior to the Change of Control (the &#147;Accounting Firm&#148;), which shall provide its determinations and any supporting calculations both to the Company and the Employee within ten (10) days of the Change of Control.  Any such determination by the Accounting Firm shall be binding upon the Company and the Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay the applicable Additional Payment as and when the Excise Tax and Expenses are incurred on a Payment, subject to Section 10(h).  The Additional Payment shall be paid in accordance with Section 409A of the Code, to the extent applicable.  If the amount of an Additional Payment cannot be fully determined by the date on which the applicable portion of the Payment becomes subject to the Excise Tax and Expenses (&#147;Payment Date&#148;), the Company shall pay to the Employee by the Payment Date an estimate of such Additional Payment, as determined by the Accounting Firm, and the Company shall pay to the Employee (or the Employee shall pay to the Company) any difference between the estimated payment and the actual Additional Payment due hereunder (if any) as soon as the amount can be determined, but in no event later than
twenty (20) days before Employee is obligated to remit the Excise Tax and Expenses.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section shall be borne solely by the Company.  The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to this Section, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;give the Company any information reasonably requested by the Company relating to such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 15 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iii) &nbsp;&nbsp;&nbsp;&nbsp;cooperate with the Company in good faith in order effectively to contest such claim,</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the Company to participate in any proceedings relating to such claim; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:16.67%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="10%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>(v)</font></p> </td>

        <td width="69%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>agree to extend any statute of limitations;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an aftertax basis, for any Excise Tax and Expenses and Other Taxes imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 7(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an aftertax basis, from any Excise Tax and Expenses and Other Taxes imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company&#146;s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company&#146;s complying with the requirements of Section 7(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 7(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 16 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>SECTION 8.&nbsp;&nbsp;&nbsp;</font><u><font size=2>Confidential Information</font></u><font size=2>. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive&#146;s employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive&#146;s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone
other than the Company and those designated by it.  In no event shall an asserted violation of the provisions of this Section 8 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SECTION 9.</font></p> </td>

        <td width="39%" nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Successors</font></u><font size=2>.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive&#146;s legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, &#147;Company&#148; shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font SIZE=2>SECTION 10.  </font><u><font size=2>Miscellaneous</font></u><font size=2>.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 17 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Executive:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Jeffrey D. Miller</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>If to the Company:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Highwoods Properties, Inc.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>3100 Smoketree Court, Suite 600</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Raleigh, North Carolina 27604-1051</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Attention:  Chairman of the Board of Directors</font><i></i></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may withhold from any amounts payable under this Agreement such Federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s or the Company&#146;s failure to insist upon strict compliance with any provision hereof or any other provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason pursuant to Section 4(c)(i)-(v), shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the Executive by the Company is &#147;at will&#148; and, prior to the Effective Date, may be terminated by either the Executive or the Company at any time. Moreover, if prior to the Effective Date, the Executive&#146;s employment with the Company terminates, then the Executive shall have no further rights under this Agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments under this Agreement shall be in lieu of payment under any other separation pay plan or arrangement for which the Executive may otherwise be eligible.  Notwithstanding the terms of any such other separation pay plan or arrangement, the Executive agrees that he shall not be eligible for any benefits thereunder.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:justify;'><font size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any reimbursements, gross-ups or in-kind benefits to be provided pursuant to this Agreement (including but not limited to Sections 3(b)(v), 3(b)(vi), </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 18 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>3(b)(vii), 5(a)(iii), 6, and 7) that are taxable to Executive shall be subject to the following restrictions:  (a) each reimbursement or gross-up must be paid no later than the last day of the calendar year following the Executive&#146;s tax year during which the expense was incurred or tax was remitted, as the case may be; (b) the amount of expenses or taxes eligible for reimbursement, or in kind benefits or gross-ups provided, during a tax year of the Executive may not affect the expenses or taxes eligible for reimbursement, or in-kind benefits or gross-ups to be provided, in any other tax year of the Executive; (c) the period during which any reimbursement or gross-up ay be paid or in-kind benefit may be provided is the later of ten years after termination of this Agreement or in the case of reimbursements or gross-ups related to any Excise Tax and Expenses, the expiration of all applicable statutes of
limitation for the collection of such Excise Tax and Expenses; and (d) the right to reimbursement, gross-up or in-kind benefits is not subject to liquidation or exchange for another benefit.</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 19 -</font></A></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 10.12</font></p>

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<font size=2>IN WITNESS WHEREOF, the Executive has hereunto set the Executive&#146;s hand and, pursuant to the authorization from its Board of Directors, the Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>EXECUTIVE:</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Jeffrey D. Miller</font></u></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:41.67%;text-align:justify;'><font size=2>Jeffrey D. Miller</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:41.67%;text-align:justify;'><B><font SIZE=2>HIGHWOODS PROPERTIES, INC.</font></B></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Edward J. Fritsch</font></u></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Name:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Title:</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>President and Chief Executive Officer</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=1>KC-1485546-2</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><A NAME="PAGENUM"><font size=2>- 20 -</font></A></p> </td> </tr></table>
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<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>12
<FILENAME>exh31_1.htm
<DESCRIPTION>HPI CERTIFICATION PURSUANT TO SECTION 302
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 31.1</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 302</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I, Edward J. Fritsch, certify that: </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>I have reviewed this Annual Report on Form 10-K of Highwoods Properties, Inc.;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent fiscal quarter (the Registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the Audit Committee of the Registrant&#146;s Board of Directors (or persons performing the equivalent functions):</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Date: February&nbsp;27,&nbsp;2009</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>EDWARD</small> <small>J.</small> <small>FRITSCH</small></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font><br> <font size=2>President and Chief Executive Officer</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
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<TYPE>EX-31
<SEQUENCE>13
<FILENAME>exh31_2.htm
<DESCRIPTION>HPI CERTIFICATION PURSUANT TO SECTION 302
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 31.2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 302</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I, Terry L. Stevens, certify that: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>I have reviewed this Annual Report on Form 10-K of Highwoods Properties, Inc.;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent fiscal quarter (the Registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the Audit Committee of the Registrant&#146;s Board of Directors (or persons performing the equivalent functions):</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Date: February&nbsp;27,&nbsp;2009</font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>TERRY</small> <small>L.</small> <small>STEVENS</small></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Terry L. Stevens</font><br> <font size=2>Senior Vice President and Chief Financial Officer</font></p> </td>

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<TYPE>EX-31
<SEQUENCE>14
<FILENAME>exh31_3.htm
<DESCRIPTION>HRLP CERTIFICATION PURSUANT TO SECTION 302
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 31.3</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 302</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I, Edward J. Fritsch, certify that: </font></p>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>I have reviewed this Annual Report on Form 10-K of Highwoods Realty Limited Partnership;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr></table>
</div>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent fiscal quarter (the Registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the Audit Committee of the Registrant&#146;s Board of Directors (or persons performing the equivalent functions):</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

        <td  valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:7.69%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Date: February&nbsp;27,&nbsp;2009</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>EDWARD</small> <small>J.</small> <small>FRITSCH</small></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font><br> <font size=2>President and Chief Executive Officer of the General Partner</font></p> </td>

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size=1>&nbsp;</font></p> </td> </tr></table>
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<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>15
<FILENAME>exh31_4.htm
<DESCRIPTION>HRLP CERTIFICATION PURSUANT TO SECTION 302
<TEXT>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 31.4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img2.gif"><br> <img src="img3.gif"><br> <B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 302</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>I, Terry L. Stevens, certify that: </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>I have reviewed this Annual Report on Form 10-K of Highwoods Realty Limited Partnership;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(c)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent fiscal quarter (the Registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5.</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the Audit Committee of the Registrant&#146;s Board of Directors (or persons performing the equivalent functions):</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:11.54%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(b)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.69%; text-indent:-3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Date: February&nbsp;27,&nbsp;2009</font></p>

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        <td width="98%" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>TERRY</small> <small>L.</small> <small>STEVENS</small></p> </td>

        <td width="2%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="98%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Terry L. Stevens</font><br> <font size=2>Senior Vice President and Chief Financial Officer of the General Partner</font></p> </td>

        <td width="2%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>18
<FILENAME>exh32_1.htm
<DESCRIPTION>HPI CERTIFICATION PURSUANT TO SECTION 906
<TEXT>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 32.1</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 906</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the Annual Report of Highwoods Properties, Inc. (the &#147;Company&#148;) on Form 10-K for the period ended December&nbsp;31,&nbsp;2008 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Edward J. Fritsch, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. &sect; 1350, as adopted pursuant to &sect; 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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<table border="0" cellspacing=0 cellpadding=0 width="46%" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>

        <td width="95%" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>EDWARD</small> <small>J.</small> <small>FRITSCH</small></p> </td>

        <td width="4%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="95%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font><br> <font size=2>President and Chief Executive Officer</font></p> </td>

        <td width="4%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
</tr>
    <tr style='page-break-inside:avoid'>

        <td width="95%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="4%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>19
<FILENAME>exh32_2.htm
<DESCRIPTION>HPI CERTIFICATION PURSUANT TO SECTION 906
<TEXT>
<HTML>
<HEAD>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 32.2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 906</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the Annual Report of Highwoods Properties, Inc. (the &#147;Company&#148;) on Form 10-K for the period ended December&nbsp;31,&nbsp;2008 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Terry L. Stevens, Senior Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. &sect; 1350, as adopted pursuant to &sect; 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="46%" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>

        <td width="95%" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>TERRY</small> <small>L.</small> <small>STEVENS</small></p> </td>

        <td width="4%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="95%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Terry L. Stevens</font><br> <font size=2>Senior Vice President and Chief Financial Officer</font></p> </td>

        <td width="4%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
</td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="95%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="4%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>20
<FILENAME>exh32_3.htm
<DESCRIPTION>HRLP CERTIFICATION PURSUANT TO SECTION 906
<TEXT>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 32.3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 906</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the Annual Report of Highwoods Realty Limited Partnership (the &#147;Operating Partnership&#148;) on Form 10-K for the period ended December&nbsp;31,&nbsp;2008 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Edward J. Fritsch, President and Chief Executive Officer of Highwoods Properties, Inc., general partner of the Operating Partnership, certify, pursuant to 18 U.S.C. &sect; 1350, as adopted pursuant to &sect; 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse; '>
    <tr >

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2)</font></p> </td>

        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Operating Partnership.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="55%" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>

        <td width="97%" valign=bottom style='border-bottom: solid black 1.0pt; '>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>EDWARD</small> <small>J.</small> <small>FRITSCH</small></p> </td>

        <td width="2%" valign=bottom >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="97%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Edward J. Fritsch</font><br> <font size=2>President and Chief Executive Officer of the General Partner</font></p> </td>

        <td width="2%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font
size=1>&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>

        <td width="97%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

        <td width="2%" valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Footer">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2> </font></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>21
<FILENAME>exh32_4.htm
<DESCRIPTION>HRLP CERTIFICATION PURSUANT TO SECTION 906
<TEXT>
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<div TITLE="EE+ Page Header">
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Exhibit 32.4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2></font></p>
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION PURSUANT TO SECTION 906</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>OF THE SARBANES-OXLEY ACT</font></B></p>

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<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:3.85%;text-align:justify;'><font size=2>In connection with the Annual Report of Highwoods Realty Limited Partnership (the &#147;Operating Partnership&#148;) on Form 10-K for the period ended December&nbsp;31,&nbsp;2008 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Terry L. Stevens, Senior Vice President and Chief Financial Officer of Highwoods Properties, Inc., general partner of the Operating Partnership, certify, pursuant to 18 U.S.C. &sect; 1350, as adopted pursuant to &sect; 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>


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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1)</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Operating Partnership.</font></p> </td> </tr></table>
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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><br> <font size=2>/s/ </font><small>TERRY</small> <small>L.</small> <small>STEVENS</small></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>Terry L. Stevens</font><br> <font size=2>Senior Vice President and Chief Financial Officer of the General Partner</font></p> </td>

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<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><font size=2>February&nbsp;27,&nbsp;2009</font></p> </td>

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